Managing wildfire risk has become an increasingly important challenge for many insurers, as the peril continues to grow in frequency, severity, and scope. And, with long-term projections showing that this trend will likely continue, understanding research and data on mitigation activities at all levels is emerging as a key trend within the industry.
In this new report, Verisk takes measure of another year of record-setting wildfires, analyzing the complex role climate change is playing in fueling global wildfire risk, the volatility of reconstruction costs, and the crucial role mitigation continues to play in battling this destructive peril.
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FireLine® provides scoring based on environmental wildfire risk factors, and mitigation insights at both the property- and community levels.