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A run for cover: LA’s fires and insurance

Among the lessons emerging from California’s devastating fires is the idea that insurers cannot price risk (https://www.economist.com/finance-and-economics/2025/01/10/the-los-angeles-fires-will-be-extraordinarily-expensive?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners) on past data: the climate-change future is already here. Pete Hegseth, Donald Trump’s pick for defence secretary, has some misguided notions (https://www.economist.com/international/2025/01/06/women-warriors-and-the-war-on-woke?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners) about women on the battlefield (10:10). And examining children’s literature (https://www.economist.com/culture/2025/01/09/sex-and-snow-white-how-grimm-should-childrens-books-be?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners): should it be all sugar and spice—or more real-world, where not everything’s nice (19:28)?

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