Whitehouse Exposes Bessent on the Coming Insurance-Driven Collapse
Sen. Sheldon Whitehouse delivers a stark warning about a climate-driven insurance crisis that could trigger a major economic collapse, explaining how rising non-renewals and soaring premiums threaten mortgages, housing markets, and financial stability nationwide.In a rare moment during a nominations hearing, Treasury nominee Scott Bessent confirms he has already read the Economist analysis Whitehouse cites — underscoring the seriousness of a risk economists say could cascade into a recession similar to 2008.
This video breaks down why insurance markets are the hidden backbone of the economy, how climate risk becomes financial risk, and why Whitehouse says the warning signs are already here.
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