After much consideration, Oregon’s State Forester has decided to not renew the Department of Forestry’s firefighting insurance policy with Lloyd’s of London for the 2023-24 policy year, the Oregon Department of Forestry announced last week.
The policy was first obtained prior to the 1973 fire season to try to mitigate the impacts of wildfire suppression costs for Oregonians. However, over the past decade, longer, more complex, and costlier fire seasons have led to higher premiums…