Nancy Wallace, a finance and real estate professor at UC Berkeley, is tackling California's escalating wildfire crisis and its impact on home insurance. After narrowly escaping death in a devastating fire 30 years ago, Wallace now collaborates with climate scientists to create predictive models for insurance markets. She advocates for innovative insurance products and retrofitting solutions to help homeowners mitigate wildfire risks. Her work reflects a blend of personal experience and professional expertise, highlighting the urgent need to address the intertwined challenges of wildfires and housing insurance in California.
Wallace has been developing important ideas and tools to address California's growing wildfire and insurance crises, leveraging her expertise as a finance and real estate professor at UC Berkeley.
By collaborating with climate scientists, Wallace aims to create forecast models that can rescue failing insurance markets and mitigate the rising risks associated with wildfires.
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