There are some serious forest fires burning all across California at the moment and the smoke from distant counties has turned the air here in San Francisco into an autumnal barbecue flavored mist. Bits of white flaky ash are drifting down from the sky like cherry blossoms. Last year around this time there were similar … Continue reading Big Picture
Two years ago this month I wrote a post about a building fire here in San Francisco. These events are statistically unlikely in any given year or for any individual household. But when they do happen – to you – they’re devastating. It’s the little personal disasters like this that concern me most. Civilization carries on. Your old … Continue reading Two Years and Counting
Last month I wrote about how insurance companies are getting ahead of the curve by preemptively dropping coverage and/or significantly raising the cost of policies for properties believed to be at increased risk. Less than four weeks later forest fires ripped through Sonoma and Napa counties and destroyed 7,000 structures – most of them single family … Continue reading What Happens After Half Your Town Burns Down?
Last month I sat in a friend’s kitchen and listened to him describe a tricky situation he was trying to navigate with his insurance company. He had just received a notice that his home owners policy would not be renewed because his insurer calculated that the risk of forest fire was too high. There hasn’t … Continue reading The Amplitude of Variability
A while back I visited friends at their home on the New Jersey shore. The home was spacious and comfortable with a great water view. It was, in fact, a million dollar home. Like many homes along the coast in New Jersey there was a canal in their back yard. New Jersey is the most … Continue reading Aquatic Cul-De-Sacs, Finance, and Risk Management