Following the “paradigm-shifting” Los Angeles wildfires in January, the 2024-2025 wildfire season will be remembered as a turning point for the insurance industry, and a warning that “wildfire is no longer a seasonal or rural phenomenon,” a new outlook asserts.
The rest of 2025 poses severe wildfire risk in numerous states thanks to developing drought conditions, including high risk in wildfire-prone California, according to a report from ZeztyAI.
The L.A. wildfires killed 29 people, and damaged or destroyed thousands of properties. The fallout of the fires included large losses for major California insurers, including State