USA - Wildfire threat a $500 billion risk
Saturday, 10 29 2016, Category: Nature, Country: United States
In 13 Western US states there are 1.8 million single-family homes designated as having extreme or high risk of wildfire damage, representing a combined total reconstruction cost value (RCV) of almost $500 billion, according to data from CoreLogic.
The data suggests that a further 27 million properties, with an estimated (RCV) of $6.7 trillion, fall into the moderate or low risk category.
CoreLogic’s analysis of wildfire risk designates risk levels as extreme, high, moderate and low based on a numeric risk score ranging from 1 to 100 assigned to individual properties.
Source: Intelligent Insurer