Yo, technology. What is it all about? Last year was the third worst year in history. So about

4% of the state burned last year. However, 11,466 structures burned out of 14 million structures in

California. That's less than 0.1%. So while it feels like the whole state is burning, at the same time, the actual chances

of a fire burning down your house are in the third worst year in history, you know, less

than 0.1%. Hello and welcome to Danny in the Valley, your weekly dispatch from behind the scenes and inside the minds of the top people in tech.

I'm your host, Danny Fortson.

Thank you for tuning in this week.

Get ready, people.

We're talking about insurance.

Please, I hope you didn't just pass out from boredom like I just did.

No, no, no.

I joke, I joke.

I assure you, this is not your daddy's insurance we're talking about.

Because what we'll actually really be talking about is climate change and what it is doing to the insurance industry.

So the number of mega disasters has tripled in the last 15 years just in the U.S. alone.

And that has just completely upended one of the world's largest and oldest industries.

And not surprisingly, perhaps, there's a whole bunch of young Turks who have been watching this play out

and have decided to jump in to really try to shake things up.

And among them is Nat Manning, who is this week's guest. Now Manning is the

co-founder of a company called Kettle. They're based out here. It's just over a year old. They've

raised just short of $30 million. And what they're doing is basically turning machine learning

algorithms loose. I'm looking particularly at wildfire risk and how to come up with a better

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