The Camp fire resulted in a record $16.5 billion in total losses, according to the firm, Munich RE.“ Munich RE, Droughts and heatwaves: Gradual but catastrophic “ The Camp fire in Northern California was the costliest single natural disaster in the world for insurers last year, resulting in $12.5 billion in covered losses, and was the most destructive wildfire ever, according to a new report by a German reinsurance firm. Dixie acreage burned is second only to the August Complex fire that burned over 1 million acres in 2020.Īt 700,000 acres burned, the Dixie fire may surpass the August Complex Fire in size by September 30, when officials estimate it will be contained.Īn unexpected finding from a German reinsurance report shows that California’s Camp fire in 2018 was the costliest global disaster in the world:
The Dixie Fire in northern California has burned 960,335 acres - over 1,500 square miles, since July 13 and is now 75 percent contained. The Cal Fire Incidents map depicts both active and inactive fire incidents throughout the state. Incidents and Spread Are Too Close for Comfort Drought-stricken conditions in California are fueling the likelihood of large, deadly, and costly wildfires. Obviously, areas like Alpine, Fallbrook, and parts of Escondido have greater exposure, so their rates could exceed 25%.”Ĭalifornia posted its driest rain year since 1895 according to the National Centers for Environmental Information. Industry insurance specialist Brigitte Tabor expects Californians will see significant fire risk and cost increases, indicating, “With this wildfire season, we have seen carriers increase premiums from 15% up to 500% but, on average, we recommend that boards budget for a 25% increase. Compliance with San Diego’s brush management zones can help prevent wildfire spreading to structures.
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