As California experiences an unprecedented surge in wildfires, with 20 times more land burned this year compared to last, the insurance industry is facing a major crisis. Many insurers have retreated from high-risk areas, leaving homeowners struggling to find affordable coverage. Delos Insurance Solutions is stepping in to address this challenge by leveraging its proprietary technology to assess wildfire risk.
Delos, founded by aerospace engineers, employs satellite imagery and artificial intelligence to analyze properties in wildfire-prone zones. Their innovative approach enables them to identify homes that are less vulnerable to wildfire damage, providing insurance to those who would otherwise be left uninsured. This unique technology has proven to be remarkably accurate, with a successful track record spanning six fire seasons.
“California homeowners need access to reasonably priced insurance,” explains Kevin Stein, CEO of Delos Insurance Solutions. “Climate change is increasing the intensity and frequency of wildfire events, making it more challenging for homeowners to find affordable coverage.”
Delos works with multiple insurance carriers, offering policies on behalf of these partners. Their commitment to providing insurance in high-risk areas allows homeowners to gain peace of mind and secure affordable coverage.
David Shew, a retired CalFire Chief and advisor to Delos, emphasizes the need for innovative solutions to the growing insurance crisis. “As conditions worsen, we must find new ways to address this challenge,” Shew states. “The complex and ever-changing nature of wildfire risk requires the advanced technology, data, and analytics that Delos has developed.”
Delos Insurance Solutions is not only a lifeline for homeowners in wildfire-prone regions but also a testament to the power of technology in addressing complex societal challenges. By offering innovative insurance solutions, Delos helps protect homeowners and communities, ensuring they can rebuild and recover from the devastating impacts of wildfires.
