Record-Breaking Wildfires Blaze in Texas Panhandle
The Smokehouse Creek fire is now over 1 million acres in size and is the largest wildfire in Texas history.
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The Hazard HQ team provides real time updates on the impacts of natural hazards on property. From blazing wildfires in California to hurricanes along the Gulf and Atlantic coasts to even tropical cyclones and earthquakes worldwide, this global team keeps tabs on catastrophic activity. They release explanations of the probability of homes impacted, the kind of damage we foresee and the dollar value of losses. In addition, they provide expertise and guidance to the industry on how to be more resilient and help protect homes in the face of natural hazards.
The Smokehouse Creek fire is now over 1 million acres in size and is the largest wildfire in Texas history.
As rising global temperatures continue to contribute to increasingly hazardous wildfire seasons, it is more important than ever for homeowners, insurers, and governments to understand the risk these hazards pose to their communities.
Wildfire Risk Management requires a combination of deterministic and probabilistic models to offer multiple perspectives on risk.
Proper model development and validation is a challenging task, but it is fundamentally necessary to ensure accuracy when examining wildfire risk.
Enterprise risk assessment and management depends on having a comprehensive view of wildfire hazard.
The 2023 Wildfire Risk Report provides insight into property risk, both nationally and by metro area, across single-family homes and multifamily homes from wildfires.