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Do insurance policies and rates influence home development on fire-prone lands?

Author(s): Ray Rasker
Year Published: 2016
Description:

The dangers and costs associated with wildfires are rising and predicted to escalate rapidly in decades to come, primarily because of continued home development on fire-prone lands and the effects of climate change. Those interested in reducing wildfire risk have asked whether insurance can play a role in making new and existing homes safer. In this briefing paper we explore two questions: 1) Do insurance rates and policies steer new development away from fire-prone lands? 2) Do insurance rates and policies reduce the risk from wildfires to existing development? We answer these questions by reviewing studies and news articles, examining trends, and interviewing insurance industry experts.

Citation: Rasker, Ray. 2016. Do insurance policies and rates influence home development on fire-prone lands? June 2016. Bozeman, MT: Headwaters Economics. 14 p.
Topic(s): Wildland Urban Interface
Ecosystem(s): None
Document Type: Technical Report or White Paper
NRFSN number: 14811
FRAMES RCS number: 22642
Record updated: Dec 2, 2016