Cascading wildfire insurance issues impact local and state budgets

If these trends continue, the lack of available and affordable homeowners insurance will threaten housing markets and the ability of state and local governments to serve residents. The ripple effects would impact millions of people as unaffordable home insurance drives down local property values, increases vacancy rates, reduces tax revenues, and threatens budgets for crucial public services. Solutions to the insurance crisis must start with reducing community risk.

Kimiko Barrett