Pricing and Modeling Wildfire Risk in the Nation's Most Expensive Housing Market with Stanford's Michael Wara
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Pricing and Modeling Wildfire Risk in the Nation's Most Expensive Housing Market with Stanford's Michael Wara
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Less than a year after the devastating Los Angeles fires, I’m joined by Michael Wara from Stanford University.
We explore why Michael is skeptical about California developing a public wildfire model, despite being part of the strategy group that studied it. We'll dig into how the newly approved private wildfire models are about to transform California's insurance market. And we'll discuss something that's crucial but often overlooked: how community-scale risk mitigation efforts can and should be integrated into these models.
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