The Park fire in Butte County — already the largest blaze in California this year — exploded to more than 164,000 acres by Friday morning, with its rapid spread forcing more evacuation warnings.
The growth of the fire over two days amid steady winds and hot temperatures has been dramatic, with its remote location making it difficult to fight. It was listed at 164,286 acres Friday morning and 3% contained.
Conditions on the ground are going to continue to be a challenge, forecasters say.
I can see that. I’m not going to discard the idea just because some actuary didn’t do a great job though. Prices will have to increase as risk assessments rise to meet reality. Same way good fish gets more expensive the riskier things get out at sea. At some point, in theory, the markets correct to reflect these changes.
In theory, that is.