Balancing Risk in a Changing Climate

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The Fire Break | Innovations in Wildfire

Steve Wolf | Wildfire Scientist

135 episodes

2 days ago

Explore the wildfire crisis with Steve Wolf, on The Fire Break. Steve brings you the most influential voices in fire science, innovation, politics, and community engagement, sharing the latest strategies for wildfire prevention, mitigation, and recovery. Expect engaging and humorous chats with experts working to steer us through this climate dilemma. New episodes every Tuesday, Wednesday, and Thursday.

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Balancing Risk in a Changing Climate | Isaac Espinoza

The Fire Break | Innovations in Wildfire

45 minutes 59 seconds

1 week ago

Balancing Risk in a Changing Climate | Isaac Espinoza

Kettle CEO Isaac Espinoza explains how his insurtech company is using a sophisticated, data-driven model to solve the wildfire insurance crisis in the Western US. Discover why the traditional "all-or-nothing" approach to risk is failing, how Kettle's granular, parcel-level analysis creates new opportunities for coverage, and what the future of parametric insurance looks like for a world of increasing climate risk.

In this episode, you'll learn about:

Kettle's Mission: To provide financial resilience against climate change through better risk modeling.
Granular vs. Binary: Why viewing wildfire risk as a spectrum, not an on/off switch, is key.
The Science of the Model: How Kettle uses 50+ data sources to model both fire ignition and spread.
Parametric Insurance: An inside look at innovative products like "Fire in Parcel" that allow for simple rules and ultra-fast claim payments.
The "Protection Gap": How Kettle is providing solutions for properties that the traditional market has abandoned.
Underinsurance: The hidden danger of not keeping your coverage in line with rising rebuilding costs.
The Real Cost of a Home: How rising insurance premiums can impact a property's overall affordability and market value.