
The Intelligence from The Economist A run for cover: LA’s fires and insurance
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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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Fair Plan Burden
- California's Fair Plan, an insurer of last resort, faces increasing claims, especially in fire-stricken areas.
- This may lead to higher insurance fees for all Californians, even those not directly affected by wildfires.
Insurance Reform Impact
- Recent reforms allow insurers to use models for wildfire risk assessment.
- This may attract insurers back and lead to more expensive but available coverage, impacting house prices.
Hegseth's Stance
- Pete Hegseth, Trump's Defense Secretary nominee, opposes women in combat roles.
- His recent comments on a podcast reignite debate around women's military roles.











