Tag: Colorado wildfire insured losses

Marshall Fire Insured Losses Estimated at $1 Billion: KCC

High winds 80 to 100 miles per hour fueled apocalyptic wild fires which tore across open grasslands and through homes in Superior, Colorado off highway 36. Power was cut to 34,000 homes and over 30,000 residents were forced to evacuate. Over 500 homes were destroyed by the Marshall fire outside Boulder, Colorado which was sparked by downed power lines in high winds on December 30, 2021.

The recent severe wildfire outbreak that was named the Marshall Fire and impacted residential areas in Boulder County, Colorado, has been estimated as around a $1 billion insurance industry loss, by risk modeller Karen Clark & Company. About 1,000 properties destroyed and more damaged by the Marshall Fire, there was a strong chance insurance and… Continue reading Marshall Fire Insured Losses Estimated at $1 Billion: KCC