A California fund to encourage wildfire innovation and lower the severity and frequency of catastrophic wildfire is getting a $25 million boost.
Walnut Creek, Calif.-based CSAA Insurance Group made a $25 million commitment to the California Wildfire Innovation Fund, a climate-solutions strategy to help reduce the severity and frequency of catastrophic wildfires by supporting forest restoration-related economic development.
The fund was developed by CSAA Insurance Group in partnership with Blue Forest, a non-profit behind the Forest Resilience Bond, which uses private capital to finance forest restoration projects for wildfire prevention.
