Real Estate

First Street Foundation scores wildfire risk for every home in America

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Laguna Niguel, California May 11, 2022- Firefighters battle a brush fire at Coronado Pointe in Laguna Niguel Wednesday. 

Wally Skalij | Los Angeles Times | Getty Images

Raging New Mexico and California wildfires may offer an ominous outlook for a growing swath of America, and not just in the West.

Wildfire risk is increasing, likely due to global warming, and its destruction is becoming ever more expensive. Of the wildfires that the National Oceanic and Atmospheric Administration has tracked since 1980, 66% of the damage has occurred in the last five years. Insured damage from wildfires last year totaled $5 billion, according to a Yale University report, marking the seventh consecutive…



Source cnbc.com

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