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Wildfire threats make utilities uninsurable in thewestern U.S.
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Title: Wildfire threats make utilities uninsurable in thewestern U.S. / Mark ChediakAuthor: Chediak, Mark ‌
Notes: Sumario: Trinity Public Utilities District's power lines snake through the lower reaches of theCascade Range, a rugged, remote and densely forested terrain in Northern California that has someof the highest wildfire risk in the country. But for several years, the company has been withoutinsurance to protect it from such a threat.Trinity's equipment was blamed for causing a 2017 wildfire that destroyed 72 homes. Three yearslater, its insurer,
a California public agency called the Special District Risk Management Authority ,told the utility that it would no longer cover it for fires started by its electrical lines. Trinity could findno other takers. The utility's exposure comes as wildfires are already flaring up across the U.S. West in what could bea dangerous and prolonged fire season
.Related records: En: Propertycasualty360. - 25 de julio 2024. - 3 p.Materia / lugar / evento: Mercado de seguros ‌Incendios forestales ‌Empresas de seguros ‌Seguro de incendio ‌Seguro de incendios forestales ‌Estados Unidos ‌Other categories: 320
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