Wildfires have increased dramatically during the past decade. Loss exposure will continue to increase as the wildland-urban interface (WUI) is further developed and building occurs in areas of high hazard.
With deeper understanding of these effects, you can underwrite and manage your wildfire exposure with greater insight.
As wildfires and other natural catastrophes grow in frequency and severity, so does the value of data ecosystems to help insurers gain a comprehensive view of property risk, from address-level exposure to granular, up-to-date reconstruction cost estimates.
Managing wildfire risk has grown rapidly as a priority for insurers operating in states exposed to this peril. Recent record-breaking events has pushed wildfire toward the center of the industry’s attention.
Wildfire risk is on a rising long-term trajectory, and it takes diverse, high-quality data to take a scientifically sound measure of the threat.
FireLine® provides property-specific hazard scores that are based on the risk factors of fuel, slope, and access, and flags risks exposed to wind-borne embers.
The Verisk Wildfire Model for the United States realistically simulates wildfire behavior, capturing the complex relationship between weather and fire and providing an enhanced understanding of the probability of financial loss.
With the Respond® Wildfire Perimeter Report, you can use a fire's location to assess the impact to your book of business, as well as to confirm where claims are relative to the impacted areas.
Information is the lifeblood of risk and capital management, especially for catastrophes and weather events. PCS® provides immediate access to the severe weather data you need to manage your business effectively and efficiently.
The Verisk wildfire risk analysis determined the number and percentage of properties at high and extreme risk from wildfire in the 13 most wildfire-prone states and two Canadian provinces*. Our FireLine® Risk Reports contain complete state or provincial-level risk analyses.
*AB, AZ, BC, CA, CO, ID, MT, NV, NM, OK, OR, TX, UT, WA, and WY
Multiple major wildfires have scorched more than 170,000 acres combined in California and Colorado, with some fires showing extraordinary behavior.Read the article
The Apple Fire prompted evacuations as it burned a portion of California’s Riverside County where 98 percent of the area was at high or extreme wildfire risk.Read the article
With wildfire activity off to a quick start in 2020, Verisk’s latest FireLine® Risk Reports are now available to provide timely data on wildfire exposure.Read the article
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