This statistic shows the most costly wildland fires to the insurance industry in California as of 2015. The Oakland fire, which caused insured losses amounting to approximately 2.71 billion U.S. dollars, was the most expensive insured wildland fire loss in California as of 2015.
Most costly wildland fires to the insurance industry in California as of 2015
(in million U.S. dollars)
The source adds the following information: "Property coverage only for catastrophic fires. Effective January 1, 1997, Property Claim Services (PCS), a Verisk Analytics business unit defines catastrophes as events that cause more than 25 million U.S. dollars in insured property damage and that affect a significant number of insureds and insurers. From 1982 to 1996, PCS used a 5 million U.S. dollars threshold in defining catastrophes. Before 1982, PCS used a 1 million U.S. dollars threshold.
In 2015 U.S. dollars, adjusted for inflation by ISO using the GDP implicit price deflator.
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Insurance Information Institute. (March 31, 2016). Most costly wildland fires to the insurance industry in California as of 2015 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/217066/estimated-insured-losses-due-to-most-costly-wildland-fires-in-california/
Insurance Information Institute. "Most costly wildland fires to the insurance industry in California as of 2015 (in million U.S. dollars)." Chart. March 31, 2016. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/217066/estimated-insured-losses-due-to-most-costly-wildland-fires-in-california/
Insurance Information Institute. (2016). Most costly wildland fires to the insurance industry in California as of 2015 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/217066/estimated-insured-losses-due-to-most-costly-wildland-fires-in-california/
Insurance Information Institute. "Most Costly Wildland Fires to The Insurance Industry in California as of 2015 (in Million U.S. Dollars)." Statista, Statista Inc., 31 Mar 2016, https://www.statista.com/statistics/217066/estimated-insured-losses-due-to-most-costly-wildland-fires-in-california/
Insurance Information Institute, Most costly wildland fires to the insurance industry in California as of 2015 (in million U.S. dollars) Statista, https://www.statista.com/statistics/217066/estimated-insured-losses-due-to-most-costly-wildland-fires-in-california/ (last visited November 21, 2024)
Most costly wildland fires to the insurance industry in California as of 2015 (in million U.S. dollars) [Graph], Insurance Information Institute, March 31, 2016. [Online]. Available: https://www.statista.com/statistics/217066/estimated-insured-losses-due-to-most-costly-wildland-fires-in-california/
