Bloomberg: “Fire-Zone Insurance Broker RockRose Risk Raises $12.5 Million”
Yanjun (Penny) Liao comments on insurance affordability issues.
“Yanjun Liao, an economist and fellow at the nonprofit Resources for the Future who researches disaster risk management, described the company’s model as ‘encouraging’ but noted that it operates on a small scale. That is ‘far below what is needed to address the insurance affordability issues and to incentivize wide adoption of mitigation actions,’ Liao said. She added that changes ‘regarding data availability and insurer and community practices’ are also needed to address problems in the US insurance market.”
