What do California and Florida have in common other than beaches and Disney? Natural disasters and insurance markets that are in shambles. Kelli Pierce interviews Caroline Melear, R Street’s resident fellow on Insurance and Trade policy. Caroline, a Florida resident, breaks down the state’s years long struggle with massive hurricanes, insurance, and why the crisis recently came to a head. The situation in California is no less chaotic. Kelli also speaks to Steve Greenhut, R Street’s western region director and a California resident, about California’s recent wildfires and floods, the political decisions that have caused major insurance companies to leave the state, and what can be done to prevent California from having the same insurance problems as Florida.