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.
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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.
Insurance Is Finally Making Money (But Investors Don't Care)
Also: the one issue that Democrats and Republican's can agree on is wildfire modeling.
Federal Wildfire Bill Seeks to Align Modeling With Private Insurance Market Access
Federal wildfire legislation advances with a first-of-its-kind mandate to align government fire modeling with private insurance market availability.
