Catastrophe bonds play an important role in keeping the insurance market functioning at a time when it’s getting harder for homeowners to get affordable coverage. But what happens catastrophe actually strikes?

It’s often in the interest of lenders themselves to work with borrowers and provide options for repaying the loans.

There are roughly 75,000 people in Los Angeles experiencing homelessness, and those in the path of the fires face additional risks.

The system is already strained by climate-induced disasters, says Wharton’s Ben Keys. Homeowners across the state may bear some of the cost.

Devastation in LA and elsewhere has taught us what can help prevent catastrophes — more firefighters, improved water systems and mitigation.

As the California blazes demonstrate, the concentration of homes in urban areas raises risks and costs.

In the past 10 years, the state’s firefighting agency, Cal Fire, has seen its budget more than double to $3.7 billion.

Federal firefighters make as little as $15 an hour. A permanent boost has bipartisan support, but it’s tied up in Congress’ budget fight.

The rules include up-front housing vouchers and broader access to flexible, critical-needs payments in the aftermath of a disaster.

Shepherdess Land & Livestock offers prescribed grazing services with sheep and goats.