Our insurance markets to protect people from climate-related disasters are breaking at the very moment we need them more than ever. The only long-term answer: transformative levels of investment in lowering risks and in climate adaptation.

We are now in a game of hot potato when it comes to the risk of ever-growing climate extremes. And unfortunately, those left holding the risk are often the ones least able to handle it.

Carolyn Kousky spoke with MSNBC’s Alex Wagner about the the challenges individuals face in covering the costs of devastating storms, a growing problem as exceptional weather events increase in frequency with climate change.