Catastrophe bonds — financial instruments issued by insurance, reinsurance firms and sometimes government to help cover losses in a disaster — keep insurance markets functioning at a time when it’s harder for homeowners to get coverage. Today, we’ll hear more about the role these cat bonds play in paying to rebuild after fires and other disasters. Also, we’ll learn about the impacts LA’s fires could have on the region’s unhoused population.

Aired January 15, 2025

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