Skip to main content

Wildland Fire Seminar Series: Michael Wara -- Understanding the wildfire insurance challenge in California: from individual structures to the global reinsurance market

Sponsored by

This event is over.

Event Details:

Why is homeowners insurance becoming less available and more expensive in California and other western states? The problem is a complex interaction between state level insurance regulation and evolving risks of catastrophic loss due to natural hazards, most notably wildfire. I will explain how insurers evaluate individual structure risk, and the known but not commonly adopted approaches that reduce it. Next I will discuss the regulatory and market structure that currently controls the price and characteristics of insurance in California. Finally, I will explain the options under discussion for reform of the insurance market to take better account of the changing risk picture in California and briefly discuss how these relate to broader patterns in insurance of catastrophic risk throughout the United States.

5 people are interested in this event

Stream Information:

Join Stream

Dial-In Information

*The seminars will be exclusively on Zoom and require a SUNET ID

For more seminar info & non-Stanford access, please contact no later than 24 hours before event.