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California, which has seen its eight largest recorded wildfires since 2017, is in a “heightened state of alert,” according to a new report that calls for urgent policy actions.
The report was released on Wednesday and also discussed in a Zoom conference by a panel of experts the same day.
The panel coincidentally occurred the same day that California Insurance Commissioner Ricardo Lara ordered insurance companies to preserve 209,881 residential property insurance policies held by wildfire survivors included in an earlier emergency declaration, bringing the total statewide to 618,700 policyholders across 31 counties who were granted temporary protection from non-renewals or cancellations by insurers.
Janet Ruiz, strategic communication director at the Insurance Information Institute, moderated the panel discussion on the economic impact of California’s recent wildfires. The Bay Area Council Economic Institute hosted one-hour panel discussion and released its latest report on the issue, “The True Cost of Wildfires: Analyzing the Impact of Wildfires on the California Economy.” The Bay Area Air Quality Management District and CSAA Insurance Group were the event’s sponsors.
