Insurers seek to “share the risk” with communities with a higher chance of wildfires

Insurance news – Can industry and consumers find a common ground Insurance companies have announced their hopes to “share the risk” of wildfires with the communities and homeowners located within wild land-urban interface areas. A Rocky Mountain Insurance Information Association presentation outlined the details of the fact that insurance companies are not as willing to provide or renew insurance to customers who are at a high risk of wildfires. As stated by a New Mexico-based State Farm Fire and Casualty Insurance Company official, Matt Brenner, “Why should homeowners be interested…

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Arizona continues to wrestle with wildfires

As much of the Southeastern U.S. continues to recover from an onslaught of disastrous storms, Arizona is battling several relentless wildfires. The fires have already scorched over 400,000 acres of land and destroyed a number of residences.  To date, this is the most destructive fire to have struck Arizona, spurred by a prolonged drought that is plaguing many of the surrounding states. Adding to the issue is a new report from the National Interagency Fire Center, which suggests that every state in the country is now at risk of forming…

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