The U.S. wildfire outlook for 2022 is projected to be similar to 2020 and 2021, which saw some of the most wildfire damage on record, according to Zesty.ai, which noted the four-month wildfire season is now a year-round occurrence.
Zesty.ai reported that the past 10 years have been the worst on record for P&C insurers when it comes to wildfire losses.
In California, which has the largest share of wildfire risk, eight of the top 20 largest fires on record occurred from 2020-2021, according to Zesty.ai. Further, over half of the acreage burned in the top 20 California wildfires occurred during those two years.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
