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Sparking Solutions: Wildfire Risk and Insurance
November 30, 2022 @ 12:00 pm - 1:00 pm
November 30, 2022
Noon – 1:00 p.m. Eastern Time
Wildfire insurance is a useful tool to shield homeowners from the devastating impacts of wildfires. However, in some high-risk areas —particularly in California—it has become difficult to obtain an affordable policy. Some insurance companies have begun to charge higher premiums, increase deductibles, limit payouts, and even decline to write a policy at all. In these instances, homeowners can turn to Fair Access to Insurance Requirements (FAIR) plans, but these options are typically expensive and provide less coverage.
Join Resources for the Future (RFF) for an RFF Live event exploring wildfire insurance, the third in the “Sparking Solutions” webinar series. In this session, experts will discuss the important role that insurance plays in sending signals about risk, how to balance that with equity and affordability, and what options exist for handling the growing problem of insuring wildfire risks.
- Carolyn Kousky, Environmental Defense Fund and Resources for the Future
- Mike Peterson, California Department of Insurance
- Nancy Watkins, Milliman
- Penny Liao, Resources for the Future (Moderator)