Can the insurance industry save the planet? With the nod from insurance companies a must for everything from coal mines to new homes, is the industry ready and willing to wield its power?

When huge swathes of Los Angeles were destroyed by wildfire in 2025 the spotlight shone on the insurance industry. Would insurers pay out billions of dollars to rebuild in exactly the same way, in exactly the same place, in a region in which the risk of wildfire is only going to increase?

Tom Heap and Helen Czerski take a deep dive into the role of the insurance industry in the climate crisis. Why can new homes in floodplains be insured? Are the rest of us subsidising risky behaviour with our own premiums? And are those in the industry trying to take revolutionary steps to prevent further climate damage?

Contributors include:
- Dr Lisa Dale, Senior Lecturer at Columbia University’s Climate School
- Dr Franziska Arnold-Dwyer, Associate Professor of Law at UCL and author of 'Insurance, Climate Change and the Law’
- Lee Harris, insurance correspondent at the Financial Times
- Lindsay Keenan, environmental campaigner

Producer: Beth Sagar-Fenton

Rare Earth is produced in collaboration with the Open University