US EditionCalifornia’s former insurance commissioner sees grim future, more wildfires
- California's former Insurance Commissioner David Jones warns of a 'very grim' future with more wildfires due to climate change.
- The number of FAIR Plan policyholders has nearly tripled since David Jones left office in 2019.
- David Jones described January's firestorms in Los Angeles as a 'canary in the coal mine' warning for future catastrophic fires caused by climate change.
- More frequent fires are occurring outside the traditional summer and fall seasons, leading to higher payouts from insurance companies.
17 Articles
17 Articles
Insurers must embrace geospatial AI
PARIS - Over the past year and a half, insurers have been pulling out of high-risk areas at an alarming rate. Nowhere has this been more obvious than in California, where wildfires have become more frequent and intense - the Los Angeles conflagration in January being only the latest in a series of devastating blazes. And it’s not just wildfires: the Golden State is also prone to large, damaging floods.
Why California and the West could face a ‘big fire season’ later this year
As California continues to recover from devastating January wildfires and extreme dryness that reached deep into winter, there are early signs that the state and surrounding region could face a troubling fire season in the months ahead.
Press-Telegram
California’s former insurance commissioner sees grim future, more wildfires
Former California insurance commissioner David Jones described the L.A. area firestorms in January as a “canary in the coal mine” warning for climate change that will bring more catastrophic fires all-year and push the property and casualty insurance industry to the brink of a financial crisis. “Climate change is the canary in the coal mine, and the canary is dying,” Jones said. “You can give the canary mouth-to-mouth resuscitation, but ultimate…
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