Fire peril is increasing sharply in both severity and proportion of catastrophe claims. (Photo: Shutterstock)
California wildfires contributed heavily to making 2017 an expensive year for catastrophe claims, burning more than 10 million acres and resulting in a record number of fire claims, accounting for 30% of all fire loss costs. While 2018's numbers have yet to be finalized, the recent Camp and Woolsey fires indicate that the trend is only worsening.
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