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Catastrophe models for wildfire mitigation

ByPeggy Brinkmann, Nancy Watkins, Cody Webb, David Evans, Gabriele Usan, Michael Glavan, Lillian Zhang, Carolyn Prescott, Tom Larsen, and Grace Lee
4 November 2022

Unprecedented costs from wildfires in the American West have spurred a need for wildfire risk reduction in at-risk areas. Communities and homeowners need tools to understand the costs and benefits of various means of wildfire risk mitigation. Insurance rates must be updated to reflect resulting aggregate and relative reductions in risk for properties and communities. This paper illustrates the following use cases for catastrophe models to measure the effects of wildfire mitigation on homeowners and communities:

  • Case study 1: Calculating individual property mitigation credits
  • Case study 2: Credits for community mitigation
  • Case study 3: Measuring results at the community level

This article was published by the Casualty Actuarial Society.

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About the Author(s)

Peggy Brinkmann

Nancy Watkins

Cody Webb

David Evans

Gabriele Usan

Michael Glavan

Lillian Zhang

Carolyn Prescott

Tom Larsen

Grace Lee

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