Wildfire Risk and Mitigation
Manage your wildfire exposure with greater insight
Wildfires have increased dramatically during the past decade. Loss exposure will continue to grow as the wildland-urban interface (WUI) and other high-hazard areas are further developed.
With deeper understanding of these effects, you can underwrite and manage your wildfire exposure with greater insight.
Ice, Fire, Wind, and Water
This report examines recent activity, trends, and data-driven tools to help insurers and communities better measure and mitigate risk surrounding three especially destructive categories of hazards: Hail and severe thunderstorms, wildfires, and hurricanes.
Location-specific risk analytics
Location-specific risk analytics
FireLine® provides property-specific hazard scores based on the risk factors of fuel, slope, and access, and identifies risks exposed to wind-borne embers. Additional available insights include community-level mitigation information and historical wildfire activity.
Wildfire risk analysis
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
Expedite your wildfire claims and get your policyholders back on their feet quickly
Speed your wildfire claims with confidence
When wildfires occur in populated areas, Verisk delivers tools to help expedite your wildfire claims and get your policyholders back on their feet more quickly.
Catastrophe investigation and data collection
Information is the lifeblood of risk and capital management, especially for catastrophes and weather events. PCS® provides access to severe weather data to help you manage your business effectively and efficiently.
Building property risk profiles from a data ecosystem
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.
Probabilistic modeling: Advance your understanding of extreme event risk
Probabilistic modeling: Advance your understanding of extreme event risk
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.
Key perils to watch
Natural hazards are increasing in frequency and severity. Insurers should ask themselves three key questions while managing peril risk across:
- Hail and severe thunderstorm
- Wildfire
- Hurricane, flooding, and storm surge
Additional insights
Severe thunderstorms and hail: Concentrated events that pack a punch
Severe thunderstorms are a common natural phenomenon in the US, causing more than half of annual reported insured losses since 1985.
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What’s going on with fire? Taking measure of a growing peril
Verisk works with fire protection, scientific, and insurance community to provide technology to manage and mitigate wildfire risk.
Read the article
Mastering the many aspects of roof condition with multisource data
Homeowners insurers may struggle to capture roof condition, but imagery analytics can help assess risk and opportunities for mitigation.
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Hail in Southern California: Making sense of hail’s changing geography
Hail is spreading out into new regions of the country that aren’t traditionally exposed to hail risk.
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