California Wildfires - Underwriting Considerations - News Summed Up

California Wildfires - Underwriting Considerations


Wildfires in California are, unfortunately, burning as frequently and as ferociously as ever. In fact, since 2000, there has been an average of 8,304 wildfires per year in California, burning an estimated 928,245 acres every year. In California, insurance policies are subject to the rules of construction governing contracts. [18] These are just two examples from recent years of the relationship between utility companies and wildfires in California. [28]In conclusion, the issues discussed in this article have significant implications for coverage for California wildfire losses.


Source: New York Times November 01, 2021 17:39 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */