The Intelligence from The Economist

A run for cover: LA’s fires and insurance

23 snips
Jan 13, 2025
Shishan Joshi, the Defense editor for The Economist and expert on military affairs, dives into California's blazing wildfires and their drastic impact on insurance. He discusses why traditional risk assessments fail in the face of climate change. Joshi also tackles the debate surrounding women's roles in combat, highlighting cultural shifts and recruitment challenges. Plus, he examines the evolution of children's literature, questioning whether it should embrace harsher realities rather than sugar-coated tales.
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ANECDOTE

Altadena Devastation

  • The Economist's Kaj Larsen visited Altadena, a Los Angeles neighborhood devastated by wildfires, with colleague Henry Trix.
  • They witnessed widespread destruction, from burnt houses to children's toys, highlighting the fire's impact.
ANECDOTE

Near Miss in Pasadena

  • Pasadena couple Laurie and Robert Bellotta narrowly escaped the fire, which started in Eaton Canyon.
  • An ember burned their backyard and a separating wall, but firefighters saved their house.
INSIGHT

Rising Insurance Costs

  • The Bellottas' insurance costs $1,000 monthly and are expected to rise after the fires.
  • This raises concerns about insurance affordability and solvency given the widespread damage.
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