The LA Fires and the Risk Market Value Chain With Joy Chen

The LA Fires and the Risk Market Value Chain With Joy Chen

The Eaton and Palisades fires are now the most expensive wildfire disaster in U.S. history — and what's happening in Los Angeles right now is a real-time stress test of the entire insurance value chain. From how models priced the risk, to how policies were written and sold, to how claims are being managed on the ground.

Joy Chen is a former deputy mayor of Los Angeles with a finance background, and she runs the Every Fire Survivors Network — 10,000-plus Eaton and Palisades survivors. Her group has spent the last year and a half documenting delays, denials, and underpayments among insured survivors. Among the statistics they point to: a $300,000 median gap between expected insurance payouts and actual rebuilding costs, and a recovery pace slower than any previous California wildfire on record — including the Camp Fire.

The question is whether these are simply the normal costs and challenges of a large catastrophe, or market signals about model adequacy — and what happens to market confidence, and ultimately to capacity, when the system fails at scale.

Subscribe to Risk Market News

Episoder(39)

How Catastrophe Models Work and Where They Fall Short With Anil Vasagiri

How Catastrophe Models Work and Where They Fall Short With Anil Vasagiri

This episode is part of a series of live conversations recorded at Climate Tech Connect 2026 in Washington, D.C.Anil Vasagiri, Head of Risk Data Solutions at Swiss Re is a rare combination of technica...

22 Apr 27min

Why Mixing Catastrophes With Prediction Markets Is More Dangerous Than It Looks With Jamie Pietruska

Why Mixing Catastrophes With Prediction Markets Is More Dangerous Than It Looks With Jamie Pietruska

The LA wildfires burned more than a hundred thousand acres. They destroyed thousands of homes. And while they were still burning, people were placing bets on them.Not insurers. Not reinsurers. Not cat...

15 Apr 48min

AI, Models, and the Limits of Climate Assumptions with Sarah Kapnick

AI, Models, and the Limits of Climate Assumptions with Sarah Kapnick

We sit down with Dr. Sarah Kapnick at Climate Tech Connect in Washington, D.C. in a conversation covers the time-horizon problem at the heart of climate finance, what the PG&E bankruptcy revealed abou...

13 Apr 27min

Can Models Still Work When Everything Changes at Once? With Christiane Baumeister

Can Models Still Work When Everything Changes at Once? With Christiane Baumeister

This week  I speak with Dr. Christiane Baumeister, a professor at the University of Notre Dame. Her research focuses on global oil market dynamics — disentangling the supply and demand forces that dri...

1 Apr 52min

(Preview) China's Growing Risk Data Moat and the US Brain Drain With Hui Su

(Preview) China's Growing Risk Data Moat and the US Brain Drain With Hui Su

A conversation with Dr. Hui Su, a professor at the Hong Kong University of Science and Technology and one of the leading researchers working at the intersection of satellite data, artificial intellige...

25 Mar 5min

Confidence as a Service With Eric Winsberg

Confidence as a Service With Eric Winsberg

We speak with  Eric Winsberg: a philosopher of science at Cambridge and the University of South Florida, who has thought hard about what happens when models move from the lab into the world and into p...

18 Mar 1h

(Preview) The $232 Billion Storm No One Is Pricing With Moody's Chris Lafakis

(Preview) The $232 Billion Storm No One Is Pricing With Moody's Chris Lafakis

Chris Lafakis and his team did the first analysis to combine Moody's catastrophe modeling infrastructure with a full macroeconomic model. The results are eye opening.This is a preview of the Risky Sci...

11 Mar 10min

Populært innen Business og økonomi

stopp-verden
lydartikler-fra-aftenposten
dine-penger-pengeradet
e24-podden
rss-penger-polser-og-politikk
rss-borsmorgen-okonominyhetene
rss-pa-konto
pengesnakk
pengepodden-2
utbytte
finansredaksjonen
morgenkaffen-med-finansavisen
liberal-halvtime
livet-pa-veien-med-jan-erik-larssen
tid-er-penger-en-podcast-med-peter-warren
stormkast-med-valebrokk-stordalen
rss-sunn-okonomi
rss-skravla-gar
rss-markedspuls-2
lederpodden