Wildfire-Risk Models Are Struggling to Predict LA-Style Fires
[ad_1] (Bloomberg) — Among natural disasters, wildfires are the great unknown. Even the most-sophisticated scientific models fail to capture all the risk factors or properly account for the increasing impact of climate change. It’s a major problem for homeowners, insurers and investors, as shown by this month’s Los Angeles blazes that partly or completely incinerated more than 14,000 structures, including several thousand…