Most costly insured wild land fire losses in California 2015

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)

Characteristic	Insured losses in million U.S. dollars
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Release date

March 2016

More information

Region

United States

Survey time period

2016

Supplementary notes

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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