BIO

Hi! I am a first year finance major from Palm Beach, Florida. I am interested in correlational and experimental research, and in the future, I hope to pursue a career as a business lawyer.

Wild(fire) West: Insurer Risk and Response in California

Abstract

In recent times, large catastrophic wildfires have been predominantly ravishing in the West. In order to remain profitable, insurers must find a way to adapt to these “new catastrophic events.” This study will explore insurers' response to these disasters in the damaged State of California. Using insurer loss data and insurer regulatory filings we aim to explain the insurer’s response. Our findings indicate that insurers reduce property coverage due to catastrophic wildfires if they do not get their regulatory filings approved.

Keywords: Insurance, Wildfire, Catastrophe, Response, California