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Insurance trade group backs Fix Our Forest Act, cites massive wildfire losses and mitigation ROI
Summary
The American Property Casualty Insurance Association urged passage of HR 471, described recent catastrophic wildfire losses and urged the committee to support mitigation, resilience-building and improved coordination to limit future insurer and taxpayer costs.
Robert Gordon, senior vice president for policy research and international at the American Property Casualty Insurance Association (APCIA), told the committee APCIA supports the Fix Our Forest Act and outlined the industry’s view of recent wildfire losses and mitigation priorities.
Gordon said California’s recent fires caused between…
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