Most costly insured wildland fire losses in the U.S. 2018

This statistic shows the most costly wildland fires to the insurance industry in the United States as of 2018. The Camp Fire, which took place in California in November 2018 and which caused insured losses between 8.5 and 10.5 billion U.S. dollars, was the most expensive insured wildland fire loss in the United States since 1990.

Most costly wildland fires to the insurance industry in the United States as of 2018

Insured losses in million U.S. dollars
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Sources

Release date

April 2019

Region

United States

Survey time period

1990 to 2018

Supplementary notes

The source adds the following information: "Property coverage only for catastrophic fires. Effective January 1, 1997, Property Claim Services (PCS), a Verisk Analytics business unit defines catastrophes as events that cause more than 25 million U.S. dollars in insured property damage and that affect a significant number of insureds and insurers. From 1982 to 1996, PCS used a 5 million U.S. dollars threshold in defining catastrophes. Before 1982, PCS used a 1 million U.S. dollars threshold.
Adjusted for inflation through 2018 by ISO using the GDP implicit price deflator.
*Source gave cost range, so highest value used as that matches the ranking given by the source.

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