U.S. Wildfire Model

Record losses of $13B across California

2017 was a catastrophic year for wildfires across the United States, particularly in the Napa/Sonoma area and in Southern California. Over 10 million acres burned in total, and countless lives and property were lost. Unlike other natural hazards which may not occur every year, wildfire damage is expected annually—the only questions are where and to what extent.

These catastrophic losses underscore the need to quantify risk potential to support risk transfer requirements and capital adequacy for insurers.