New York City has a budget of around $600 million per year to maintain its portfolio of parks and trees. (Credit: Ryland West/ ALM)
Editor's Note: This is part-two in a three-part series about urban forests.
Urban forests make up more than 141 million acres of woodlands in the U.S. These forests hold significant economic and financial value. As a result, there are several opportunities for insurers to provide capacity and coverage for these high-value community assets.
Related: Does insurance hold the key to building resilience for urban forests? (Part one)
When considering the opportunities that urban forests present to insurers, we must start by examining the financial value they represent. One of the most straightforward ways to quantify the economic value of urban forests is by looking at functional services directly related to yearly cash flow.
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
Already have an account? Sign In Now
© 2025 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.
