Natural disasters are growing stronger and more frequent from climate change. Every hurricane or wildfire can be a multi-billion dollar financial loss for the American economy. POLITICO’s Zack Colman reports that failure to price in the risk of natural disasters is creating a bubble in the housing market, one that could burst in the coming years. Anthony Adragna is an energy reporter for POLITICO and host of POLITICO Energy. Zack Colman is an energy reporter for POLITICO Carlos Prieto is a Politico podcast producer. Jenny Ament is the senior producer of POLITICO audio. Irene Noguchi is the executive producer of POLITICO audio.