Financial historian Niall Ferguson on insurance fund

Tags: National Catastrophe Fund, hurricanes, insurance

Niall Ferguson is a financial historian, and the author of the acclaimed new book, The Ascent of Money: A Financial History of the World. In the second part of our interview, WMNF asked him about insurance, and what he thinks of the idea for a National Catastrophe Fund, something Florida lawmakers say is the only way to fully address the issue of insurance in the hurricane prone state.