California Wildfires, Florida Hurricanes, and the Catastrophe Reality

Allstate's January 2025 LA wildfire losses alone hit roughly $2.47 billion. The company halted writing new policies in California in 2023, has secured rate increases of 25%+ in the state in 13 months, and runs a $3.0 billion modeled 1-in-100 probable maximum loss net of reinsurance. This is the operating reality that runs underneath every "customer experience" story. Candidates who can talk about catastrophe risk and tough underwriting decisions without sounding naive earn instant credibility — especially for actuarial, underwriting, claims, finance, and product roles.