A Wildfire Disaster and an Insurance Crisis Collide in Los Angeles

Deadly wildfires in the Los Angeles area have forced nearly 180,000 residents to evacuate their homes. As they wait to learn the extent of the damage, another crisis is on the horizon: whether private and state-funded insurance can handle a disaster on track to be one the worst in the region’s history.  Today on the show, Bloomberg Green reporter Leslie Kaufman discusses why this fire has been so destructive and the state of wildfire insurance in California.  Read more: Los Angeles Fires Become Existential Test for California’s Stopgap Insurer   See omnystudio.com/listener for privacy information.