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Risk Market Briefing: Inside China’s Bid to Industrialize Weather Risk Trading
China is laying the groundwork for a weather risk market that could scale faster than anything seen in the U.S. or Europe.
Markets
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California Wildfire Risk Has Created a $2 Trillion Capital Hole, McKinsey Warns
California’s insurance market is approaching a structural breaking point, with McKinsey warning that wildfire-driven risk has opened a $2 trillion capital gap that will require both financial restructuring and physical risk reduction to solve.
