Extreme Weather: Who Foots the Bill?

The trail of wrecked buildings, overturned cars, and broken boats in the wake of hurricanes Harvey and Irma have reminded the world of the ferocious power of nature. Extreme weather events are becoming more common, more destructive, and much more costly. So who foots the bill to pick up the pieces? The global insurance industry is unable to cover the mounting losses. Meanwhile, governments hesitate to make taxpayers plug the growing gap between damage and the cost of repair. There is also hot debate over to what extent climate change is to blame and by extension what responsibility big industry and the developed world carry. This week on Newshour Extra Owen Bennett Jones and a panel of expert guests looks at how we are going to pay the price that comes with extreme weather.

(Photo: A woman walks on a street on the French Caribbean island of Saint-Martin after it was hit by Hurricane Irma. Credit: Getty Images)