Tag: inflation and wildfire loss

AM Best: Demand Surge and Inflation to Increase Colorado Wildfire Losses

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.

AM Best has warned that a surge in demand and inflation will amplify losses from the late-season Marshall Fire in Boulder County, Colorado, which destroyed over 1,000 structures on December 30th, 2021. The wildfire arrived at the end of last year and burned through approximately 6,000 acres in two days, becoming the most expensive fire… Continue reading AM Best: Demand Surge and Inflation to Increase Colorado Wildfire Losses