
Economist Podcasts A run for cover: LA’s fires and insurance
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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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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.
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.
The Fair Plan's Impact
- California's 'Fair Plan' provides insurance to those who can't get it elsewhere, but it's expensive.
- The Fair Plan's growing market share could lead to higher costs for all insured Californians, and even those outside the state.













