California Wildfires, the Climate Reality, and the Hard Trade-offs of a Modern Insurer

Liberty Mutual paid 1.2 billion dollars in pre-tax catastrophe losses from the January 2025 Los Angeles wildfires and announced it would stop selling condominium and rental policies in California. This module gives candidates an honest view of what climate-driven catastrophe risk means for the business and how to discuss the trade-offs with empathy and nuance.