Insurance Group Invests $25M in New California Wildfire Innovation Fund

By California State Automobile Association Insurance Group
Business Wire
February 22, 2023
Category: Forestry
Region: United States, US West

WALNUT CREEK, California — CSAA Insurance Group announced a $25M commitment to the California Wildfire Innovation Fund, a climate-solutions strategy that aims to decrease the severity and frequency of catastrophic wildfire by supporting forest restoration-related economic development. The California Wildfire Innovation Fund was developed by CSAA Insurance Group in partnership with Blue Forest, the non-profit behind the Forest Resilience Bond, which deploys private capital to finance forest restoration projects for wildfire prevention. CSAA Insurance Group was one of the Forest Resilience Bond’s first investors. …Alongside a financial return, the California Wildfire Innovation Fund is expected to deliver numerous environmental, economic and social benefits, including: climate and ecological resilience… community safety… job creation… and positive health outcomes. For more information about the California Wildfire Innovation Fund and Blue Forest Asset Management, visit Blue Forest.

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