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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IBHS gives recommendations to protect from Southern California faces wildfires

The Insurance Institute for Business & Home Safety (IBHS) has released a statement reminding property owners in Southern California that the Santa Ana winds are bringing a serious risk of wildfires with them, and that certain precautions should be taken. The National Weather Service has announced that the region could be affected by another significant shove by the winds, which can gust at more than 60 miles per hour. According to an IBHS senior Scientist, Dr. Steve Quarles, “Santa Ana winds are generally warm and dry, creating tinderbox conditions, but…

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