Strategies For Pursuing Subrogation Against Wildfire Damages (Claims Management)

Strategies For Pursuing Subrogation Against Wildfire Damages

  Thursday, August 18th, 2016 Source: Claims Management

Each year, wildland fires scorch millions of acres of brush and timber, damage tens of thousands of homes and commercial properties, cost federal and local governments billions of dollars in suppression efforts, and cost insurance companies hundreds of millions in property insurance proceeds. Unfortunately, as has occurred already this fire season, wildfires also take many lives and injure many people each year. According to the Insurance Information Institute, there were 63,312 wildland fires in 2014 alone that burned over 3.6 million acres in the United States.

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