Insurers Back California Wildfire Proposal, With Warnings
Industry representatives said they will expand wildfire coverage in return for model-based pricing, but added that California’s plan still has several problems.
Read next
wildfire
·
Report Urges National Technology Effort as Wildfire Risk Outpaces Current Systems
A new report warns that wildfire losses are outpacing current risk-management systems, urging a coordinated national effort to move technologies from pilot to scale.
wildfire
·
Edison Says Utility Customers, Shareholders Can't Remain On the Hook for Wildfire Catastrophes
One of California’s largest electric utilities is warning that the state can no longer treat its customers and shareholders as the default catastrophe insurers, as new legislation radically reshapes how wildfire liability is financed and distributed across the economy.
