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Large-loss Fires Swell in 2007, Report Finds
Scheduled to be released in the latest edition of the NFPA Journal, the findings detail large-loss fires and explosions, which are defined as events that lead to property damage of at least $5 million.
According to the report, there were 25 more large-loss fires in 2007 than in the previous year, accounting for an increase of more than 54 percent.
The fires accounted for less than one percent of the estimated number of fires in 2007, but accounted for 24 percent of the total estimated dollar loss from fires.
Other key findings from the report:
• Large-loss fires killed 19 civilians, injured 168 firefighters and 67 civilians.
• Large-loss fires resulted in $3.5 billion in direct property loss in 2007. (Total fire loss for 2007 was $14.6 billion.)
• Property loss from large-loss fires was up by almost $3 billion in 2007.
• Most of the increase in dollar loss in 2007 is attributed to the Southern California Firestorm.
• The Southern California Firestorm was one of 20 fires that caused more than $20 million in property damage. It was also one of five fires that resulted in a loss of more than $100 million.