Los Angeles Wildfires
Credit Impacts and Implications
Virtual Event
California state, local government and insurance analysts review the credit impacts and longer-term implications of the recent Los Angeles wildfires
California state, local government and insurance analysts review the near-term credit impacts and potential long-term implications of the recent Los Angeles wildfires, focusing particularly on the state’s property insurance market, state and local costs, and the risk posed by potential changes to federal policy on natural disaster recovery funding.
- Moody's rating actions on the City of Los Angeles and its enterprises
- Estimated losses, recovery costs, and potential liabilities
- California state government policy responses
- California FAIR Plan status and longer-term implications for the state's property insurance market
- FEMA funding uncertainties
Speakers
Eric Hoffmann
Associate Managing Director - US Public Finance Group
Moody's Investors Service
Matthew Butler
Vice President - Senior Credit Officer, US Public Finance
Moody's Ratings
Jasper Cooper
Vice President - Senior Credit Officer
Moody's Investors Service
Lori Trevino
Assistant Vice President - Analyst
Moody’s Ratings
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Eric Hoffmann is a Senior Vice President and Manager for the San Francisco Local
Governments Ratings Team. He manages a team of analysts covering credits primarily
for California’s highest profile local governments and essential purpose enterprises.
Eric is a senior member of Moody’s Rating Committee and a member of the firm’s
Public Finance Franchise Committee, which establishes the firm’s US public finance
rating methodologies.
Prior to joining Moody’s, Eric held positions in economic and policy consulting in
Washington D.C. and with the California Governor’s Office of Policy and Research in
Sacramento. Eric holds an MPP from the University of California at Berkeley and an
undergraduate degree in Economics from the University of Maryland.
Matthew Butler is a Vice President-Senior Credit Officer on the US State Ratings Team. He is lead analyst for several states, including California and Pennsylvania. He spent over seven years as a local government credit analyst and was previously lead analyst for the cities of Chicago and Detroit as well as others throughout the Midwest. Prior to joining Moody’s, Matthew was a budget analyst with the State of Michigan and an analyst with the Government Accountability Office in both Washington, DC and Chicago. Matthew holds an MPP degree from the University of Massachusetts and an undergraduate degree from Michigan State University.
Jasper is a lead analyst of property/casualty insurers in the Financial Institutions Group. In addition to following a portfolio of P&C insurers, Jasper has published research on the impacts of inflation, reserves, autonomous vehicles and catastrophes on the insurance industry. Jasper has a B.A. from Columbia University, where he majored in Mathematics-Statistics and an MBA from NYU Stern School of Business. He is also an Associate in the Casualty Actuarial Society and a CFA charterholder.
Lori Treviño is an Assistant Vice President - Analyst on the Western Regional Local Governments Ratings Team covering municipal credits throughout western states, serving as the local government lead for Arizona, Washington, and California cities. She has taken a lead role in updates to property assessment and tax increment finance rating methodologies. She has published research on tiered water rate structures, the impact of oil prices on local governments, California state school bonds, and the role of social factors in disaster recovery, and San Francisco’s proposed purchase of PG&E assets.
Lori serves on the PFG Moody’s Bankruptcy and Distress Taskforce and PFG ESG Social Risks Taskforce. She helped establish an analytical framework for evaluating environmental, social, and governance risks for public K-12 school districts across the U.S. Lori is also a co-chair of the PFG Analyst Education Task Force and a member of the MIS Rating Process Champions.
Prior to joining Moody’s, Lori was a Financial Analyst and Redevelopment Manager for the City of El Cerrito, a Managing Consultant at Seifel Consulting, and a Management Analyst for the City of Fremont. Lori holds an AB in Mass Communications and History from the University of California, Berkeley and an MPP from the Harvard Kennedy School.