A run for cover: LA’s fires and insurance
The Intelligence from The Economist
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Fire's Aftermath: A Community's Struggle
This chapter explores the devastation caused by wildfires in Altadena, describing the haunting landscape and the urgent fears of residents. It contrasts the miraculous survival of a couple with the surrounding destruction, while also addressing the long-term financial impacts on the insurance industry. The chapter delves into the challenges faced by insurers and the implications of increased reliance on California's Fair Plan due to the escalating wildfire risks.
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