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For immediate release
New York Press Office:��Michael Barry, Insurance Information Institute (Triple-I), 917-923-8245,��michaelb@iii.org

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SAN FRANCISCO, Calif., Nov. 9, 2021—, Director, Strategic Communication, at the����(Triple-I), is moderating on Wednesday, Nov. 10, at 11 a.m., PT, a panel discussion on the economic impact of California’s wildfires dating back to 2017.

The����is hosting����and will release tomorrow (Nov. 10) its latest report on the issue,��The True Cost of Wildfires: Analyzing the Impact of Wildfires on the California Economy.

“As wildfire seasons have become more severe in recent years, the effects of the fires and the smoke they produce has also spread to healthcare, the job market, and tourism,” said��, Executive Director, Bay Area Council Economic Institute. “This report highlights those significant economic costs and charts a course for the state and local governments to better prepare for future wildfire seasons, limit damages from catastrophic fires, and restore communities that have been impacted.” ��

The����and��, a AAA insurer,��are the event’s sponsors. There is no charge either to register for the webinar or to��. The panel discussion’s four panelists, in alphabetical order, are:

·��������, Senior Vice President, State Product Management, CSAA Insurance Group

·��������, Fire Chief, Sonoma County, Calif. Fire District

·��������, Deputy Secretary, Forest and Wildland Resilience, California Natural Resources Agency

·��������, Senior Counselor, Office of U.S. Senator Dianne Feinstein (D-Calif.)

The Triple-I’s����demonstrates the power of insurance to mitigate against wildfire risks. It links to��, which assesses the wildfire risks individual properties face.

Damage caused by fire and smoke is covered under����and����policies. A standard homeowners insurance policy covers wildfire-caused property damage to a home’s structure and its outbuildings (e.g., garage) as well as the personal belongings housed on the premises. A renter’s insurance policy covers the renter’s personal belongings. Water damage caused by firefighters extinguishing a fire is covered under both homeowners and renters insurance policies.

Standard homeowners and renters insurance policies also provide����(ALE), sometimes referred to as Loss of Use, to policyholders who either relocated because of a mandatory evacuation order or had their residence rendered uninhabitable due to wildfire-caused property damage.

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The Triple-I has a full library of educational videos on its��. Information about Triple-I mobile apps can be found��.