Fire Fighting
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A recent paper from the Forest Service predicts higher costs for fire fighting. The title: Economic Risks: Forest Service Estimates Costs of Fighting Wildfires in a Hotter Future. The Climate Financial Risk report published by the White House Office of Management and Budget provides some estimates. A middle-of-the-road estimate is a 42% increase in suppression…
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Remains of a home burned in the Camp Fire which destroyed 19,000 structures in the town of Paradise, California. Photo George Wuerthner State Farm Insurance Company announced it would no longer take on new insurance clients in California due to the rising cost of fire-related losses. The company cited “rapidly growing” catastrophe risks like wildfires,…