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Home / Insurance / Colorado wildfire insured losses amounted to approximately $ 1 billion

Colorado wildfire insured losses amounted to approximately $ 1 billion



Insured losses from the Marshall fire in Colorado will amount to about $ 1 billion, said Boston-based disaster model Karen Clark & ​​Co. Wednesday

The fire, which started Dec. 30 off State Highway 93 and Marshall Road in unincorporated Boulder County, was halted after the area received 10 inches of snow on Dec. 31.

Nearly 1,000 structures were destroyed in the rapidly spreading fire, including hundreds of homes, a shopping mall and a hotel, the KCC said in a statement.

The fire burned about 6,000 acres and destroyed entire subdivisions of the cities of Louisville and Superior. Most of the damage occurred in Louisville, a suburb about 20 miles northwest of Denver.

Current total damage per site is: Louisville: 553 destroyed structures, 45 damaged; Superior 332 destroyed, 60 damaged; unincorporated Boulder County 1

06 destroyed, 22 damaged.

While the exact cause is under investigation, months of unusually hot and dry weather along the Colorado Front Range area made the fire, while an intense downhill wind helped its rapid rate of spread, KCC said.

The Marshall Fire is now the most destructive forest fire in Colorado's history, according to the KCC's analysis. The East Troublesome fire of October 2020, which destroyed more than 500 structures and cost nearly $ 500 million in insured losses, was previously ranked as the most destructive.

The KCC's estimate is based on its high-resolution U.S. reference model for forest fires. ]

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