Wildfire Threats Make Utilities Uninsurable in US West.

Utilities in the US West are struggling to obtain insurance coverage against wildfire-related claims, making it difficult for them to protect themselves financially. The increasing risk of wildfires, exacerbated by climate change, has led insurance companies to limit coverage and raise premiums. This has made it more expensive for utilities to attract capital for infrastructure improvements and meet renewable energy goals. Some utilities are advocating for a federal program to provide insurance support, while others have resorted to self-insurance. The lack of insurance coverage leaves utilities vulnerable to potential bankruptcy and hampers their ability to mitigate fire risks. [Extracted from the article]