Pricing and Modeling Wildfire Risk in the Nation's Most Expensive Housing Market with Stanford's Michael Wara

Less than a year after the devastating Los Angeles fires, I’m joined by Michael Wara from Stanford University.

We explore why Michael is skeptical about California developing a public wildfire model, despite being part of the strategy group that studied it. We'll dig into how the newly approved private wildfire models are about to transform California's insurance market. And we'll discuss something that's crucial but often overlooked: how community-scale risk mitigation efforts can and should be integrated into these models.

Creators and Guests

Host

Christopher Westfall

Editor, Owner Risk Market News

Guest

Michael Wara

Michael Wara is a Senior Research Scholar at the Woods Institute for the Environment and Director of the Climate and Energy Policy Program.

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.