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WILDFIRE RISK

Communities in danger

Homeowners and insurers face massive losses as wildfires burn like never before.

INSURING AGAINST WILDFIRE

Better data means better protection

Climate change and real estate development mean wildfires are growing bigger and more destructive, threatening families and their greatest assets: their homes. Now insurance companies must meet this increasing risk responsibly, with an eye toward the future.

That’s why insurers are joining forces with modelers, scientists, and fire service leaders to better quantify wildfire risk. Together, we can harness data and technology to help anticipate fires, mitigate their damage, and protect everyone. Explore how.

Video

Helping Paradise, California, rebuild

Milliman worked with insurers and local leaders to create a sustainable future for the community, which was devastated in 2018 by the most destructive wildfire in state history.

Milliman Climate Resilience Initiative

Drawing on our unique expertise in risk, we’ve united experts from insurance, government, academia, and non-profits to help anticipate and address the most pressing climate problems.

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Read the article
Watch the webinar
Watch the webinar
ARTICLE

Understanding California wildfire risk

During the 2020 season, wildfires destroyed more than four million acres—double the loss from the previous two years combined.

Products

Related Milliman products

Geographic rating insights

PinPoint

Milliman PinPoint delivers relevant geographic rating insights to your system at the point of decision through a simple API.

Risk analytics and reporting
Market exposure & risk analytics

Market Baskets

Market Baskets are portfolios of hypothetical risks with realistic distributions of characteristics used for property insurance pricing.

Pension administration and communication
Property & casualty advisory services

Appleseed

Milliman Appleseed is an advisory organization licensed to submit loss costs, rating factors, and risk scores with state insurance regulators across the U.S.

Services

Related Milliman Services

Catastrophe reserving and loss reserve verification

Climate resilience consulting

We’re here to help

Ask the tough questions. We’re ready for them.

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