RockRose Risk, the insurance brokerage getting property owners discounts for wildfire mitigation, today announced the successful renewal of commercial property insurance coverage for McCloud Condominium, the largest homeowners association in North Lake Tahoe, Nevada. The renewal marks the second consecutive year McCloud, RockRose Risk and local mitigation partners have translated ongoing wildfire resilience work into lower insurance costs, demonstrating that communities that continuously invest in wildfire mitigation can continue earning insurance savings across multiple renewal cycles.

Five years ago, McCloud paid roughly $168,000 annually for insurance. As California’s insurance crisis intensified, creating a ripple effect in wildfire-prone regions like Nevada, the community’s premiums climbed to more than $1.3 million by June 2025. Last year, RockRose Risk reduced McCloud’s premium to $913,000, saving the association nearly $400,000 while expanding coverage, and adding $2.5 million in new flood and earthquake protection.

After a second year of wildfire mitigation, including landscape-scale fuels treatment community-wide defensible-space work led by the North Lake Tahoe Fire Protection District in partnership with the Tahoe Fund’s Fire Smart Community Pilot and BurnBot, nearly $300,000 reinvested in parcel-level hardening, and an onsite Wildfire Hazard Assessment, McCloud renewed its insurance for approximately $414,000. That’s roughly 69% lower, or $925,000 less, than its June 2025 peak premium of $1.34 million. The association also reduced its wildfire and all-other-perils deductibles to $25,000 (from $250,000 and $100,000, respectively) while doubling its earthquake coverage to $5 million.

The renewal validates RockRose Risk’s long-term thesis that when wildfire risk is accurately measured, mitigated and documented, insurers consistently reward that work across renewal cycles. It also reflects a shift in carrier behavior, with insurers that previously declined to quote the property now competing for the business based on its documented risk reduction.

“People often assume premium reductions happen because a carrier took a chance or because market conditions temporarily improved,” said Andrew Engler, co-founder and CEO of RockRose Risk. “Our work with McCloud proves that’s not what’s happening. The association committed to meaningful mitigation, reinvested in making the property safer, and insurers rewarded that progress again. This is evidence that the insurance system can work differently when carriers have accurate information about real risk.”

Traditionally, commercial properties in wildfire-prone regions have been priced using broad geographic models that often fail to account for property-level mitigation. As a result, owners who invest in defensible space, fuel reduction and structural hardening frequently receive little or no financial benefit.

Working alongside the McCloud community, local fire districts, BurnBot, Wildfire Services Group and other mitigation partners, RockRose combined landscape-scale wildfire treatments with parcel-level risk assessments to build a comprehensive, property-level risk profile. BurnBot’s work through the Fire Smart pilot helped reduce wildfire exposure across the surrounding landscape, while Wildfire Services Group captured approximately 600 on-site data points documenting structural hardening and property conditions. RockRose then served as the translation layer between that mitigation work and the insurance market, integrating the field data into proprietary risk modeling that enabled carriers to more accurately price the property’s true wildfire risk.

The result was proprietary underwriting data that enabled carriers to more accurately price the property’s true wildfire risk. Over the past year, McCloud reinvested approximately $200,000 into additional wildfire mitigation, completing the improvements outlined during the first policy period. RockRose Risk documented that work and demonstrated the property’s continued risk reduction to insurers, resulting in even greater premium savings at renewal.

“This renewal demonstrates what’s possible when communities invest in proactive wildfire resilience,” said Amy Berry, CEO of the Tahoe Fund. “Landscape-scale forest restoration and fuels reduction outside and inside neighborhoods make our forests healthier while helping to protect communities and restore confidence among insurers. It’s exciting to see these efforts delivering measurable benefits for residents.”

“Our Wildfire Hazard Assessment converted more than 600 field, aerial, and photographic data points into a prioritized mitigation roadmap and underwriter-ready evidence,” said Joel Holland, President, Wildfire Services Group. “The lesson is simple: verified risk reduction changes how a property is understood, priced, and insured.”

RockRose Risk manages more than $7 billion in commercial insurable value and has delivered average premium reductions of 35 percent across its commercial portfolio. The company recently expanded into the California homeowners market, bringing the same mitigation-first approach to protecting residential properties.

About RockRose Risk

RockRose Risk is a technology-enabled insurance brokerage that rewards property owners for making their properties safer. Founded by Andrew Engler, a 20-year veteran of catastrophe risk and insurance, RockRose Risk combines wildfire risk assessment, mitigation partnerships and proprietary automation technology to secure meaningful premium reductions for clients in catastrophe-exposed markets.

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