Data from the National Interagency Fire Center shows that the extent of area burned by wildfires in the U.S. appears to have increased since the 1980s, per the U.S. Environmental Protection Agency .
As wildfire damage becomes more rampant in the wake of human-induced extreme weather events, insurance companies are losing massive amounts of money to frequent payouts, forcing them to drop coverage, as we see happening to Boulder residents .
What’s happening?
Insurance companies are pulling the rug from under Boulder residents for several reasons.
Some residents’ coverage was dropped due to living in a high-wildfire-risk zone. Other Boulder residents saw their premiums double, forcing them to reconsider whether staying in the area was feasible. Still, other residents lost coverage due to owning high-value properties (over $1 million in value), which fell outside the purview of insurance company policies…