As of early July, the number of fires in California had totaled 4,599, with 73,511 acres burned.
This has California’s massive cannabis industry on high alert, and it will likely make insurance more expensive and harder to get.
“I think property right now, just given the limited capacity you’re seeing the biggest rate hikes and increases,” Taylor said.
“I think it’s going to be a very dangerous wildfire season,” Rutt said.
“I think the next issue becomes how much insurance can you get, what limit of insurance?” Rutt said.
Cannasure announced in March that it was acquired by One80 Intermediaries, and soon after it made known its plans for a big expansion into California.
“We did our initial marketing blast in November, I think October, November of 2020,” he said.