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A Wildfire Disaster and an Insurance Crisis Collide in Los Angeles | Big Take

Deadly wildfires in the Los Angeles area have forced nearly 180,000 residents to evacuate their homes. As they wait to learn the extent of the damage, another crisis is on the horizon: whether private and state-funded insurance can handle a disaster on track to be one the worst in the region’s history. Today on the show, Bloomberg Green reporter Leslie Kaufman discusses why this fire has been so destructive and the state of wildfire insurance in California. Read more: Los Angeles Fires Become Existential Test for California’s Stopgap Insurer (https://www.bloomberg.com/news/articl...) The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon. Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Listen to more of The Big Take:    • The Big Take | Bloomberg Podcasts   #Bloomberg #Podcast #News #Business #Economy #TheBigTake Visit us: https://www.bloomberg.com/podcasts Follow Bloomberg Podcasts on Twitter:   / podcasts   Visit our other YouTube channels: Bloomberg Television:    / @markets   Bloomberg Originals:    / bloomberg   Quicktake:    / @bloombergquicktake   For coverage on news, markets and more: http://www.bloomberg.com/video