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Costs of Wildfire Insurance Soar in California: Could This Impact Affordability?

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David Deem 714-997-3486 By Liz Dominguez Over the past two years, California’s fire-related damages have reached historic highs, bringing on added affordability challenges to those already living in one of the country’s most expensive states. In 2018 alone, over 6,000 fires in the state burned through 876,147 acres. The Camp Fire proved to be the state’s most destructive wildfire, killing 85 people, destroying over 18,000 structures and demolishing an entire town. Although 2017 sparked more fires, the damages were less severe, contained to 505,956 acres of scorched land. These latest figures, however, are much higher than the five-year average for California, 5,756 fires and 233,483 acres burned. What does this say about the future? “Several years of drought, millions of dead trees and grassland fuel and four consecutive years of devastating wildfires, including the deadliest and most expensive in our state’s history, have taken a toll on the availability and affordabil...