California eyes risk pool as it struggles with costly fires

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April 3, 2019

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Associated Press

"California’s wildfire risk is so great now that even risk pools or catastrophe bonds aren’t attractive to investors, warned Carolyn Kousky, executive director of the Wharton Risk Management and Decision Processes Center at the University of Pennsylvania.

“'It’s not like there’s one silver bullet here that’s going to solve the problem,' she told board members."

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