Filed Under:Markets, Workers Compensation

Wildfire Risk at the Granular Level

Technology and Tools for P&C Insurers

When the flames ceased and the smoke cleared 476 homes and other personal property were burned—some property completely destroyed. The homeowners, who lived in Bastrop County, Texas, just east of Austin, were devastated by last year’s wildfire that consumed their homes and precious belongings.

The Bastrop Fire claimed the record for the highest amount of homes lost in a single fire in the state’s history. The destructive blaze cost a total of $325 million in insured losses.  As high temperatures and severe draught are blamed for the wildfires in Texas, a booming population moving into the moutnatins and foothills of the the Rocky Mountain Region is creating more risk, proving that wildfires are no longer a regional threat. The picturesque scenes of Colorado, Utah, Wyoming, and New Mexico landscapes are too tempting to resist. Meanwhile a growing threat rumbles throughout these areas snuffing out the beautiful scenes and families’ dreams.

“Most models appear to ignore fire behavior modeling, multiple fuel sources and the wild land/urban interface,” he says. Models need to take into account suppression capabilities, and more significantly, actual fire behavior science, according to Norman.

The data suite supports cat modeling with fire behavior science provided by Anchor Point Group Fire Management Consultants. Pitney Bowes is working with Anchor Point to change the sophistication of fire risk modeling.

Featured Video

Most Recent Videos

Video Library ››

Top Story

Baby, it’s cold outside! Here are 6 tips for staying safe in sub-zero temperatures

Extreme temperatures bring risks to people and property. Make sure you are taking care of yourself and your surroundings.

Top Story

5 ways insurance agencies can improve their websites

The way people use the Internet has changed over the past few years. Has your website changed with it?

More Resources


eNewsletter Sign Up

Workers' Comp Watch eNewsletter

Receive critical business insights into issues related to worker's comp insurance. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.