Number of the Day

Wildfires Are Breaking the Insurance Industry, by the Numbers

Insurers can’t afford to insure homes in wildfire-prone areas. California had to stop them from dropping homeowners.

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Published in
2 min readNov 18, 2020

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$3.7 billion — The U.S. insurance industry’s average yearly payout for property damaged by wildfires between 2011 and 2018
Photo illustration, source: Mindy Schauer/MediaNews Group/Orange County Register/Getty Images

$3.7 billion: That’s roughly how much insurance companies have paid out for fire damage each year between 2011…

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