Arizona Bill Could Shift Wildfire Liability from Utilities to Insurers
Arizona lawmakers are considering a controversial bill that would protect utility companies from lawsuits related to wildfires, potentially impacting homeowners' insurance. The legislation would make it more difficult to hold utilities accountable for wildfires caused by their equipment while requiring them to submit risk mitigation plans every two years. Critics warn that this could shift the financial burden onto homeowners, leading to increased insurance premiums. As wildfire risks escalate due to climate change, the insurance industry is already facing significant losses, raising concerns about affordability and coverage for residents.
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