5 • 1.3K Ratings
🗓️ 27 January 2025
⏱️ 20 minutes
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Since early January, historic wildfires have been burning across Los Angeles. Over two dozen people have died, and more than 10,000 homes have been destroyed. Insured losses may exceed $20 billion. In the months prior to the fires, thousands of Los Angeles homeowners were dropped by insurers. Some moved over to the state-funded insurance FAIR plan while many others remained insurance-less. In this episode of “Burning Questions,” the How We Survive team surveys the devastation on the ground in the Pacific Palisades and host Amy Scott talks with Carolyn Kousky from the Environmental Defense Fund to find out if the future is insurable and what that might mean for the housing market.
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0:00.0 | Hey, everyone. I'm Amy Scott, host of How We Survive, and we're back with another episode of Burning Questions. |
0:08.0 | In the wake of the Los Angeles wildfires, we're taking a look at insurance. |
0:13.2 | Thousands of folks were dropped by their insurance providers in the months leading up to the wildfires, |
0:18.9 | as more and more private insurers have decided the climate |
0:22.2 | risks are too great in some areas. So we're asking, is the future insurable? Before we get into |
0:29.7 | that with an expert, we're surveying the damage on the ground in Los Angeles. It's been a few weeks |
0:35.7 | since wildfires broke out across the city. At least |
0:39.0 | 28 people have died in the palisades and eaten fires. More than 10,000 homes have been |
0:45.2 | destroyed, and tens of thousands of people have had to evacuate. It's hard to imagine the scale |
0:51.9 | of the destruction, but our producers, Haley Hirschman and Caitlin Esch, actually had a chance to tour the Pacific |
0:59.6 | Palisades after the disaster. |
1:02.3 | Haley, what was that like? |
1:04.6 | Yeah, so we went to the Palisades to see some of the damage that was caused by the |
1:08.3 | wildfires. |
1:08.8 | This was almost exactly two weeks after |
1:11.2 | the fires first broke out. We went with Dr. Howard Botz and Garrett Gray. Hey, Haley, Howard Bots. |
1:17.3 | They work for CoreLogic, which is a property data and analytics firm. They had both professional |
1:24.1 | and personal reasons for taking us on this tour. Howard is in charge of hazard and |
1:29.1 | climate risk models at CoreLogic, and a big part of Garrett's job is providing technology and |
1:34.3 | data solutions for the insurance industry in part using the data from these hazard risk models. |
1:39.4 | So they wanted to look around and assess the area. But Amy, they both also live in the Pacific |
1:44.6 | Palisades. So this is their community. And they wanted to see what's become of it. |
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