Markets.News
In New York, the 2025 wildfire season has brought significant changes in the management and financial burden of wildfire risk, as per a recent analysis by Cornea. The report highlights a shift in the trend of wildfires, which are no longer limited to a particular season or region. Winter fires have become catastrophic, leading to increased health issues due to smoke exposure, along with rising costs that are being passed on to consumers through utilities, insurance, and housing systems. The analysis reveals that over 65,000 wildfires have been recorded.