Insurance Information Institute: Wildfires Are Creating Difficult Challenges For Insurers

 Wednesday, November 6, 2019

 Insurance Business

The Insurance Information Institute (I.I.I.) has just released its whitepaper on wildfire mitigation — as at least 13 fires continue to burn across California.

“While our research has been in the works for the last year because of California’s catastrophic wildfires in 2017 and 2018, the wildfires we’ve seen in recent weeks makes these findings all too real and timely,” commented I.I.I. CEO Sean Kevelighan.

He noted that the increased severity of recent fires is due in part to too many people living near areas of high fire risk.

“Builders and residents need to focus on how to be more resilient, or reconsider altogether whether to place homes in certain areas,” the CEO added.

The I.I.I.’s paper explains how insurers are encouraging customers to better protect their homes by installing Class A fire-rated roofs, metal screens, as well as double or multi-paned tempered glass windows.
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