"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

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
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]