The pain of the 2018 wildfire season — now the most destructive wildfire season on record in California — is still affecting thousands of victims who lost homes, businesses and property. Worsening the situation, the widespread destruction and massive insured losses from the 2018 season succeeded an equally devastating 2017 wildfire season, hitting Californians and the insurance industry with a one-two punch. Now, in the hottest, driest months of wildfire season, the risk for businesses and properties in wildfire-prone states like Texas, Oregon, Colorado and other western states is at its peak. For businesses, natural disasters threaten more than just property damage. Business interruption losses could devastate an organization, and liability risks for employee safety are another high-priority. To help commercial policyholders better protect their businesses, researchers at FM Global outlined 11 proactive wildfire protection steps to minimize wildfire risk and protect facilities, detailed in the slideshow above. See also: |
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Danielle Ling
Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].
