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Natural··Severity 7

California opines on who profits from wildfires but not on who pays

Keeping hedge funds out may ease qualms over profiting from misfortune but not settle who bears the cost

Scenario chain

Probabilities below are model estimates based on the event chain, horizon, and indicators. They are not outcome guarantees, investment advice, or emergency instructions.

A

Эскалация

32%

Forecast derived from cascade analysis. Watch confirmation indicators below.

Primary source: FT World

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