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> fund’s purpose is ... demonstrating that prescribed and cultural burns are low risk, so private insurance companies will enter the market. How does a fund de
by hyperthesis 3y ago
> fund’s purpose is ... demonstrating that prescribed and cultural burns are low risk, so private insurance companies will enter the market.
How does a fund demonstrate that? The linked legislation (https://wildfiretaskforce.org/prescribed-fire-liability-claims-fund-pilot/ https://wildfiretaskforce.org/prescribed-fire-liability-clai...) claims "rates of escape and loss are very low" already. Insurance companies' actuaries are experts at quantifying loss, so if it is low already...?