AIR Worldwide Updates Wildfire Model with Event-Based Risk Management Approach

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Catastrophe risk modeling firm AIR Worldwide (AIR) has released an updated Wildfire Model for the United States designed to provide a comprehensive view of the risk of wildfire to property within the 13 westernmost conterminous states. The event-based modeling approach accounts for the variability in weather in the current climate regime and its impact on fire behavior, enabling the model to simulate correlated countrywide wildfire activity.

The model features a catalog of fire clusters and a historical event set that features 17 events, including the 2017 Tubbs/Atlas and Thomas fires in California. Each cluster consists of fires ignited within 150 miles of one another over a period of seven days. AIR uses historical fire data to characterize fire behavior in different…

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