Will the wildfires create an insurance desert in California North Coast?
Illumination Technologies CEO Christopher Eldridge has published an opinion article in the North Bay Business Journal on the impact of wildfire prevention efforts and the insurance sector in California. Excerpt below:
As a communications infrastructure company based in Napa County, we’re applying our expertise and experience to directly address the fires that threaten our community. To truly make a dent in fire prevention and mitigation, early detection, better communication and faster response time are critical.
We’re working with Napa County to deploy state-of-the-art fire detection technology capable of detecting fires within minutes. The fire detection system combined with telecom infrastructure improves communication signals throughout the valley and mitigates communication outages during fires.
The reality is that for many insurance companies, policyholders who take every action and measure available to protect their properties from fire are still too high-risk. That’s because increasingly destructive wildfires are not a problem anyone can solve on their own––but that doesn’t mean fires are not a solvable problem. To address this crisis, we must invest in solutions that will protect entire communities over the long term.
As natural disasters worsen, the insurance industry must take proactive steps in support of comprehensive solutions.
Read more here: https://www.northbaybusinessjournal.com/article/industrynews/will-the-wildfires-create-an-insurance-desert-in-california-north-coast/