The hidden costs of wildfires

The hidden costs of wildfires

iStock.com/Yelantsevv Property damage, business interruption, and environmental damage are just a few apparent risks caused by wildfires.  But if third-party liability exposure hasn’t crossed the minds of insurers yet, it should now.  Businesses found responsible for causing the ignition of a wildfire could face costly lawsuits from third parties, according to Allianz Commercial’s Wildfire Risk Trends report.   “Two key factors that create poten…