Thousands of firefighters were battling California forest fires today in an environment catastrophe experts said has the potential to equal the record blazes that hit the state in 2003.
“All the conditions are conducive. Thousands of properties are at risk,” said Neena Saith, a catastrophe response analyst with Risk Management Solutions, a catastrophe modeling firm.
However, Ms. Saith said it was too early to tell whether there would be a repeat of four years ago–when insured loss hit $1.1 billion after 4,847 structures were burned by the worst fires ever to hit the state–but a number of dangerous factors are at play.
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