Economist Podcasts

A run for cover: LA’s fires and insurance

78 snips
Jan 13, 2025
Shishan Joshi, Defense Editor for The Economist, discusses the complexities surrounding women in combat roles, addressing misconceptions and emphasizing their contributions. Catherine Nixie, Culture Correspondent, dives into the dark origins of children's literature, questioning the appropriateness of sanitizing classic tales like Cinderella. They also explore how California's fires expose insurers' pricing challenges amidst climate change, reflecting on broader urban planning and regulatory issues.
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ANECDOTE

LA Fires Devastation

  • The Los Angeles fires devastated neighborhoods like Altadena, leaving homes destroyed and families displaced.
  • One couple, Laurie and Robert Bellotta, narrowly escaped their home as an ember burned their backyard.
INSIGHT

Financial Impact of Fires

  • The fires will have lasting financial impacts, increasing already high insurance costs for residents like the Bellotas.
  • The scale of the devastation raises concerns about insurance companies' ability to cover the immense losses.
INSIGHT

California's Faulty Insurance Market

  • California's insurance market is faulty, preventing insurers from accurately pricing wildfire risk.
  • Regulations based on historical data instead of climate change models have led some companies to stop selling policies in the state.
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