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Report: Wildfire Fears at ‘All-Time High’ and Driving Insurer Decisions in Property Market

June 12, 2023

Despite a relatively average 2022 wildfire season, fears of wildfires remain at an “all-time high,” and those fears appear to be one driver of decision-making on property insurance.

A new report from Gallagher Re shows the threat of damaging wildfires in conjunction with inflation and pricing challenges has led to a distressed insurance and reinsurance market, particularly in California.

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