Unmasking wildfire risk: Navigating insurance challenges and community solution

“All Things Wildfire,” a podcast focused on the latest trends in protecting properties against wildfires, recently spoke with Milliman consultant Nancy Watkins, an actuary with extensive experience in property and casualty insurance and catastrophic risk analysis. The episode explores issues such as:

• The challenging landscape of insurance
• The disconnect between community-level wildfire-mitigation efforts and the insurance industry’s capacity to effectively measure and manage wildfire risk
• The need for comprehensive data to understand wildfire risk thoroughly
• Establishing a data commons, which would provide parcel-level inspection data to facilitate a more accurate quantification of wildfire risk

Listen to the full podcast here.