Chapter
The Importance of Parametric Insurance
1:03:14 - 1:08:28 (05:13)
This episode discusses the importance of parametric insurance in the face of climate change and extreme weather events, and the potential consequences of not having this type of insurance available.
Clips
The cost of wildfires is estimated to be around a trillion dollars, and as the fire season is moving up earlier in the year, people are searching for solutions such as blankets that could be installed over homes with helicopters.
1:03:14 - 1:05:00 (01:45)
Summary
The cost of wildfires is estimated to be around a trillion dollars, and as the fire season is moving up earlier in the year, people are searching for solutions such as blankets that could be installed over homes with helicopters.
ChapterThe Importance of Parametric Insurance
EpisodeE45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
With wildfires causing issues with getting fire insurance for homes in forested regions like Marin County and Tahoe, a solution could be to implement a system on the roof that deploys a fire-resistant blanket.
1:05:00 - 1:05:55 (00:55)
Summary
With wildfires causing issues with getting fire insurance for homes in forested regions like Marin County and Tahoe, a solution could be to implement a system on the roof that deploys a fire-resistant blanket. Without a solution, the cost of damage from wildfires will ultimately affect the real estate market and bear economic consequences.
ChapterThe Importance of Parametric Insurance
EpisodeE45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The lack of parametric insurance could lead to severe consequences for far-flung communities and suburbs that may be ravaged by climate change.
1:05:55 - 1:08:28 (02:32)
Summary
The lack of parametric insurance could lead to severe consequences for far-flung communities and suburbs that may be ravaged by climate change. Current methods that build statistical models based on past data are insufficient, and as a result, the federal government may be forced to underwrite losses for people whose real estate was not valued for the effects of climate change.