After wildfires burned through his timber plantation on southern Australia’s Kangaroo Island, Keith Lamb called his insurer. The conversation didn’t go well: The insurer declined to renew his policy. As the forestry industry faces increased fire risk amid a warming climate, companies around the world, including in the U.S., are more exposed to losses from blazes than ever before and are struggling to get insured. Some owners, such as Mr. Lamb, are paying sharply higher prices to stay protected. Others are buying insurance for part of their landholdings, while others can’t get coverage at all. …In the US, “most insurance companies are currently writing ‘wildfire exclusions’ into any liability coverage, so this insurance has become very difficult to get,” said Rich Gordon, Calforests’ president. …Forest owners have historically been able to buy insurance that gives them liability coverage for fires that start on their land and then spread to neighboring properties. [We respect the copyrights of the source publication – full access may require a subscription]