Someone I know works on catastrophe modeling for the insurance industry. It seems like a fascinating area, especially since there's a strong link with climate s

Someone I know works on catastrophe modeling for the insurance industry. It seems like a fascinating area, especially since there's a strong link with climate science - a large part of the business seems to be modeling hurricane risk in Florida and wildfire risk in California. The complexity is because these are fairly rare, highly correlated risks - unlike e.g. auto insurance you can't just take a few years worth of claim data and predict your losses for next year, unless you want to go insolvent the next time a sufficiently big hurricane goes through a sufficiently prosperous part of Florida.