“Twin challenges” arise as Los Angeles continues to face massive wildfire destruction in a tight housing market.

Catastrophe bonds play an important role in keeping the insurance market functioning at a time when it’s getting harder for homeowners to get affordable coverage. But what happens catastrophe actually strikes?

GoFundMe campaigns to help out those affected by Southern California’s wildfires have raised at least $100 million, a spokesperson said.

Kate Dargan Marquis of the Moore Foundation discusses spurring research and development to keep up with the growing impact of wildfires.

Los Angeles has one of the lowest multifamily vacancy rates in the country. The fires will push rents even higher.

The system is already strained by climate-induced disasters, says Wharton’s Ben Keys. Homeowners across the state may bear some of the cost.

For florists and other small businesses shopping a wholesale flower market, building relationships among vendors is key.

Insurance rates nationwide have jumped more than 11% in 2023 and climbed nearly 20% since 2022, according to S&P Global Market Intelligence.

“I used up eight of my nine lives in that job,” said Ray Charlton, who drove paperwork around Los Angeles in the 1980s.

Fans of the Dodgers phenom are coming by the thousands, despite the weak yen.