Rising firefighting costs spur discussion of preventive measures

07/3/2014 | Bloomberg

The increased cost of fighting wildfires and the spread of urban development in the Western U.S. are raising concerns about how to best approach preventive efforts. Federal firefighting costs have a 10-year average of $1.54 billion, while half of the Forest Service's budget is allocated for battling wildfires, compared with 21% in 2000. Wildfires in the past 10 years have led to insurer losses approaching $5 billion, according to Verisk's Property Claim Services.

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