JOURNAL ARTICLE

The LA Fires Could Change the Insurance Industry.

  • Published In: Harvard Business Review Digital Articles, 2025. P. 1 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Johansmeyer, Tom 3 of 3

Abstract

The article discusses how the devastating wildfires in Los Angeles could lead to significant economic damage and reshape the insurance industry. It highlights the need for insurers to find new ways to provide wildfire protection, with parametric insurance emerging as a potential solution. The text emphasizes the importance of understanding and managing wildfire risk, drawing parallels to past natural disasters like Hurricane Andrew. It suggests that businesses in California and other disaster-prone areas should consider parametric insurance to fill gaps in traditional coverage and prepare for future challenges. [Extracted from the article]

Additional Information

  • Source:Harvard Business Review Digital Articles. 2025/01, p1
  • Document Type:Article
  • Subject Area:Science
  • Publication Date:2025
  • Accession Number:182809398
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