For years, insurers have been reducing the number of policies they issue to Californian homeowners. And after last month’s wildfires, buying insurance is going to get even more difficult—and a lot more expensive—for people living in the state. But at the same time, the market for catastrophe bonds is booming. Can one of the world's fastest-growing (and most lucrative) asset classes make places like Hollywood insurable again?
Hosts: Mike Bird and Ethan Wu. Guests: Richard Pennay, CEO at Aon Securities; and John Seo, co-founder of Fermat Capital Management, which invests in catastrophe bonds.
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