RiskMeter.com, a provider of real-time natural hazard risk reports, has added a Texas wildfire report to its service. This report will return a property’s proximity to wildfire risk by simply entering an address or uploading a book of business.
Although wildfire risk is associated mostly with western states, more than 40 percent of all wildfires in 2011 occurred in Texas. The 2011 Texas wildfire season was the costliest season on record and was responsible for burning nearly 4 million acres and more than 5,700 structures.
Many experts are predicting that extreme wildfire events in Texas could be common place over the next few years, due to an ongoing drought, hot dry winds, high temperatures and urban expansion.
“Each year wildfire events cause hundreds of millions of dollars in losses,” says Daniel Munson, founder, RiskMeter Online. “After consulting with our customers, we took their feedback and had our analysts create a Texas Wildfire report.”
This tool will allow RiskMeter’s users to quickly and easily screen new business for the proximity to wildfire risks, as well as to evaluate the overall threat to their current book of business, the announcement said.
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