Reuters<\/a>\u00a0<\/em>reports.<\/p>\n“The fires, which Jones said are now 99% contained, caused 43 deaths, including a firefighter. California is the largest US insurance market, where insurers collect about $289 billion in premiums per year, Jones said. The $3.3 billion total is more than triple a $1.05 billion preliminary insured loss estimate by Jones on Oct 19.”<\/p>\n
“I am concerned that the fires we just experienced are not an anomaly and may represent the new normal,” Jones noted. “We know that the climate is changing and the temperature has been rising.”<\/p>\n
Well, if only that was the case … the reality is that things are slated to get considerably worse than they were even this year. Rather than this year’s wildfire season becoming the “new normal,” it’s more likely just a stopover on a trip somewhere much more extreme.<\/p>\n
Interestingly, some of the damage this year occurred in neighborhoods in Santa Rosa that had previously been determined to be at low risk of fire — which could lead to insurers changing their criteria for determining risk, and thus doing less business with people in living in such places, according to Jones.<\/p>\n","protected":false},"excerpt":{"rendered":"
There’s been more than $3.3 billion in insured losses caused by the wildfires in California so far this year, with the figure expected to rise, the California Department of Insurance has revealed. Those figures relate only to the claims reported so far this year, by 15 insurers that are active in California \u2014 so, the 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Those figures relate only to the claims reported so far this year, by 15 insurers that are active in California \u2014 so, the…","_links":{"self":[{"href":"https:\/\/planetsave.com\/wp-json\/wp\/v2\/posts\/47296"}],"collection":[{"href":"https:\/\/planetsave.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planetsave.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planetsave.com\/wp-json\/wp\/v2\/users\/118"}],"replies":[{"embeddable":true,"href":"https:\/\/planetsave.com\/wp-json\/wp\/v2\/comments?post=47296"}],"version-history":[{"count":0,"href":"https:\/\/planetsave.com\/wp-json\/wp\/v2\/posts\/47296\/revisions"}],"wp:attachment":[{"href":"https:\/\/planetsave.com\/wp-json\/wp\/v2\/media?parent=47296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planetsave.com\/wp-json\/wp\/v2\/categories?post=47296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planetsave.com\/wp-json\/wp\/v2\/tags?post=47296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}