David Marlett, IIANC Distinguished Professor of Insurance in the Department of Finance, Banking and Insurance and managing director of Appalachian State University's Brantley Risk and Insurance Center, was recently featured in an NPR article entitled How climate change could cause a home insurance meltdown.
The article explores impacts of climate change, namely natural disasters that impact residents across the United States. "The shrinking of home insurance options comes at a time when most American families have little in savings, and many can't get a loan to repair a house that's damaged or destroyed. So, when people can't get home insurance, or have inadequate coverage, the consequences can be profound."
"That impacts real estate, it impacts construction, it impacts lending. It's just ingrained with everything," says David Marlett, managing director of the Brantley Risk & Insurance Center at Appalachian State University. "Just as a human being, if you want to be able to stay where you live or where your job is or where your kids go to school, you want to be able to rebuild your house, you have to have a solvent insurance company that provides good coverage so that you can rebuild."
Dr. Marlett joined App State's faculty in 2003, where he has served in various leadership roles for the university and its Walker College of Business, where he teaches courses in Risk Management and Insurance. Learn more about David Marlett.
About the Department of Finance, Banking and Insurance
The Department of Finance, Banking and Insurance develops leaders for business, government and education by offering a Bachelor of Science in business administration in two specializations: finance and banking, and risk management and insurance. Learn more at https://finance.appstate.edu.