Wildfires Damage Property & Your Bottom Line

Overview

Currently, there are 4 active fires burning in the U.S. in the states of Florida, Kentucky, Mississippi and New York1. And, approximately 6,633,108 acres of land have burned since January of this year1. The threat of wildfire to residential and urban structures is of constant concern for homeowners and insurers-even under the best conditions.

Preparing for and mitigating against wildfires begins with understanding all of the essential and relevant conditions that contribute to residential wildfire risk exposure. On Tuesday, February 10, 2015 at 2 p.m. (EST) Dr. Thomas Jeffery, Sr. Hazard Scientist with CoreLogic, will be hosting a live wildfire webcast. This one hour, interactive webinar will showcase findings published in the 2014 CoreLogic Wildfire Hazard Report, as well as additional topics including:

  • Wildfire risk around major metropolitan areas
  • Case study of the 2014 Carlton Complex Fire in Washington
  • Lightning ignition versus human caused ignitions for wildfire
  • How to use Wildfire Risk Score to establish underwriting guidelines
  • How long term drought conditions amplify wildfire risk
  • And More

Millions of homes are potentially at risk of wildfire, and only through the incorporation of wildfire risk data will insurers be able to fully understand the comprehensive risk to their portfolios. Register for the CoreLogic webinar today, hosted by Insurance Journal, to stay protected during the wildfire season.

Sources: National Interagency Fire Center, 2014

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