California’s insurance crisis

Artificial intelligence is transforming industries and creating vast new fortunes. But behind every chatbot, image generator and AI model is a physical product: a semiconductor chip.In this edition of Follow the Money, we trace the global supply chain powering the AI revolution. ...  Show more

Headspace started life as a mindfulness app. Now it's partnering with the US Navy and investing in artificial intelligence for mental health support.The company's CEO Tom Pickett speaks to us about therapy, the increasing role of technology, and tackling burnout at scale.If you'd ...  Show more

Natural disasters are becoming more severe and costly—who should bear the financial burden? We explore the tension between socialized risk and market-based insurance.Topics covered include:The surprisingly large percentage of natural disaster losses that are uninsuredWhy natural ...  Show more

In January, communities in Los Angeles were devastated by wildfires, permanently displacing thousands and destroying property and lives. Prior to the fires, thousands of L.A. residents in fire-prone areas were dropped from their insurance, leaving them with no protection or safet ...  Show more

In today’s episode on 21st January 2025, we talk about the most expensive climate catastrophe in US history and who might end up paying for it.

Wharton’s Benjamin Keys highlights the key lessons from the California wildfires for policymakers, insurers and homeowners.<hr>

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