Jane Kim just finished first in the race to become California's next insurance commissioner. She's a former San Francisco supervisor and worked for Bernie Sanders. And where Allen wants to draw private capital back into the market, Kim wants to build a public one: a nonprofit disaster insurer, funded by premiums the state would claw back and reinvest, plus a single catastrophe model built by California itself.
So this is the same problem — an unaffordable, retreating wildfire market — seen through two completely different lenses. Allen's answer is a better-run private system. Kim's answer is a public alternative to it.
Creators and Guests
Host
Christopher Westfall
Editor, Owner Risk Market News
Guest
Jane Kim
Jane Jungyon Kim is an American attorney and politician, and candidate for California Insurance Commissioner.
What is Risky Science Podcast?
The Risky Science Podcast features conversations with scientists, insurers, investors, portfolio managers, and others about the evolving science of predicting and modeling risk across both natural and man-made perils.