TUESDAY, NOVEMBER 5, 2019
Wildfire costs may cause more homeowners in California to lose their insurance
- Homeowners insurance, already expensive in California, is becoming ever more costly and also less available following the wildfires and mudslides of 2017 and 2018, and that doesn’t include the effects of the 2019 Wildfire season which has just started and so far has burned over 198,000 acres, damaged or destroyed 730 structures and caused 3 fatalities. (SOURCE: California Department of Forestry and Fire Protection)
The inflation adjusted wildfire losses from 2010-2018 are greater than the prior forty years combined and the outlook for wildfire incidents is projected to worsen. Click here to read more.
Source: Guy Carpenter  The Changing Nature of Risk 2019
No Comments
Post a Comment |
|
Required
|
|
Required (Not Displayed)
|
|
Required
|
All comments are moderated and stripped of HTML.
|
|
|
|
|
|
NOTICE: This and all content is developed from sources believed to be providing accurate information.
The information in this material is not intended to be used as tax or legal advice. Please consult with a tax and/or legal professional
for detailed information regarding your individual situation. Some of this material was developed and shared by Chartwell Insurance Services to provide information
that may be of interest. Chartwell Insurance Services is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm.
The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.
|