Capacity crunch in casualty wildfire persists despite chunky rates
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Capacity crunch in casualty wildfire persists despite chunky rates

California Wildfires 2020: River Fire

Well into the 2022 wildfire season, capacity constraints persist despite new entries to the casualty market and soaring rates, as insurers become ever more skittish about providing cover in fire-prone areas.

Small and medium-sized business casualty coverage is a particularly difficult segment, with carriers aiming to limit their exposure at the same time wildfire risk continues to expand, both geographically and in terms of the length of the “wildfire season.”

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