After writing recently about the predictive modeling now being done by Pitney Bowes Software and Anchor Point Group for the emerging risk of wildfires in this country, I was amused to see the following headline in the Orange County Register: "Residents worry new fire maps mean higher insurance rates."
The good news for insurers is wildfire maps and predictive modeling are making it easier to underwrite this risk accurately using a number of data points that go beyond the older method of judging the vegetation—fuel for the wildfire—in a particular area.
California law requires fire officials to periodically update fire-hazard maps, according to the Register, using the latest data, science and technology.
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