"If we want to continue with insurance in these areas and reduce loss of life and property, we need a lot more private and public funding for ecological forestry in national and other forests," said Dave Jones, senior director of environmental risk for The Nature Conservancy. "This spending really is an investment in the future of these areas." (Credit: Noah Berger/AP)

Ecological forestry, which includes prescribed burns and thinning overgrown forests, can decrease total insurance premiums by 41% for homeowners coverage, while a range of decreases was seen for commercial property premiums, according to a study by Willis Towers Watson (WTW) and The Nature Conservancy.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]