Four Western States and Florida Are at Most Risk for Wildfire Damages in 2022By RISMedia Staff
Wildfires commonly affect the Western U.S., but climate change and the region’s severe drought of recent years has only exacerbated the issue. Decreasing water levels in the Colorado River and Lake Mead, along with declines in snowpacks, have contributed to a longer wildfire season by an average of three months, resulting in a 1500% increase in burn areas. This is according to CoreLogic’s annual Wildfire Report for 2022, which examines property-related wildfire risk alongside reconstruction resource availability, temporary housing capacity for displaced individuals, and community economic recovery potential among fire-prone regions. The report tracks wildfire risks in 15 Western U.S. states and Florida.
Key findings from the report include:
“Consuming thousands of homes in the U.S. every year, wildfires present a real and present threat to our families and communities. Mitigating this risk will require commitment from homeowners, first responders, insurers and regulators. A first step in achieving the resilient communities we seek is to quantify what is at risk,” said Tom Larsen, senior director of Insurance solutions at CoreLogic. The full CoreLogic 2022 Wildfire Report, including maps, charts and analysis can be found here. |
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