Triple-I: U.S. Wildfires Remain Threat as Their Frequency Decreases
The potential insured losses resulting from U.S. wildfires are growing even as their frequency decreases because close to 99 million Americans reside in the wildland urban interface (WUI), according to the Insurance Information Institute (Triple-I).
- The potential insured losses resulting from U.S. wildfires are growing even as their frequency decreases because close to 99 million Americans reside in the wildland urban interface (WUI), according to the Insurance Information Institute (Triple-I).
- The total number of U.S. wildfires has generally been on a downward trajectory over the past decade except for 2017 and 2018.
- The latter years were when the nation’s three costliest wildfires , as defined by insured losses, occurred in California.
- Since that time, state and local authorities have invested heavily to mitigate the human causes of wildfires, the Triple-I’s Issue Brief notes.