Wildfire Reconstruction of Western Homes Considered High Risk Costs $237 Billion

 Thursday, February 26, 2015

 Insurance Journal

In the Western U.S. there are nearly 900,000 homes representing an estimated reconstruction cost of more than $237 billion considered at “very high” or “high” risk from wildfires, a report issued today shows. CoreLogic’s Wildfire Risk analysis is the latest of the firm’s running wildfire risk assessment reports. A report in 2013 from the property and analytics firm using different metrics showed $189 billion worth of properties in the Western U.S. were at “high risk.”
Property
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