Verisk Analysis Determines More Than 4.5 Million Households at High or Extreme Risk from Wildfire

Publish Date: 
November 21, 2013
Article Source: 
Press release by Verisk Insurance Solutions - Underwriting

Results from the 2013 Verisk Wildfire Risk Analysis by Verisk Insurance Solutions – Underwriting identified the number and percentage of properties at risk from wildfire in 10 states. Verisk conducted the analysis using FireLine™ — powered by AER™ technology — its wildfire risk management solution for insurers.

Key takeaways from the 2013 Verisk Wildfire Risk Analysis include:

  • California is home to almost 2 million households at high or extreme risk from wildfire, placing it first on the list.
  • Texas ranks second, with 1.3 million households at high or extreme risk.
  • At 24 percent, Idaho has the highest percentage of households at high or extreme risk from wildfire.
  • Colorado, which has experienced more than $1 billion of insured wildfire losses since 2010, has the second-highest percentage and third-highest number of households at high or extreme risk from wildfire.

Results of the 2013 Verisk Wildfire Risk Analysis and individual state wildfire risk reports are available at www.verisk.com/wildfireanalysis.

FireLine assesses wildfire risk for individual properties to support underwriting decisions and manage exposure concentrations. FireLine was used in support of approved property insurance rate filings for individual carriers in California. Its results are validated after each significant wildfire, most recently after the Black Forest fire, when it identified every single property destroyed as being at risk from wildfire.

Read the full press release and more links to the analysis at Verisk Analysis Determines More Than 4.5 Million Households at High or Extreme Risk from Wildfire.