CoreLogic finds Oklahoma at lowest risk for wildfire among Western states

The Santa Ana, Calif.-based firm counted zero Oklahoma homes at “very high risk” and just 80 at “high risk” based on the way it categorizes urban and agricultural settings. The lack of natural fuels in both urban and agricultural landscapes gives them “low wildfire risk,” the firm said.
by Richard Mize Modified: September 11, 2012 at 9:52 pm •  Published: September 12, 2012
Advertisement
;

Oklahoma has zero homes at “very high risk” for wildfires, and just 80 at “high risk,” the lowest among 13 Western states studied in a new report for the insurance industry — statistically speaking.

Santa Ana, Calif.-based property information-analytics firm CoreLogic released its first Wildfire Hazard Risk Report this week. It identified 740,000 residences at high or very high risk for wildfire damage at an estimated value of $136 billion.

The study found 57,385 homes in Oklahoma at moderate risk and 110,153 homes at low risk for wildfire damage.

CoreLogic estimated the value of homes at high risk at $6.8 million, moderate risk at $5.6 billion, and low risk at $10.8 billion.

Oklahoma Insurance Commissioner John Doak was on the road Tuesday and not available for an interview, spokesman Brian King said.

Oklahoma burning

Oklahoma has seen 150,000 acres burn and lost some 600 homes to wildfire this year alone, CoreLogic noted, quoting figures from the National Interagency Fire Center in Boise, Idaho.

Nonetheless, the firm counted zero Oklahoma homes at “very high risk” and just 80 at “high risk” based on the way it categorizes urban and agricultural settings. The lack of natural fuels in both urban and agricultural landscapes gives them “low wildfire risk,” the firm said.

However, CoreLogic also developed wildfire risk scores based on a combination of risk inside individual property boundaries and their distance from higher wildfire risk zones. Scores range from 1 to 100, with higher numbers indicating “increased opportunity of wildfire.”

Under its scoring system, CoreLogic counted 1,077,998 homes ranked 1-50 and valued at $95.5 billion; 707 homes ranked 51-60 and valued at $52.5 million; 1,007 homes ranked 61-80 and valued at $72.3 million; and 381 homes ranked 81-100 and valued at $28.2 million.

Developed wild lands

“Homes located within a city boundary are not safe from the threat of wildfire destruction. In fact, the unprecedented growth of urban areas over the past 50 years has generally increased the likelihood homes will be damaged by wildfire activity,” CoreLogic's Howard Botts said in a news release. “As residential development has expanded into formerly undeveloped wild lands, the transitional area between the two, known as the wildfire urban interface, has become exceptionally vulnerable to wildfire.”


by Richard Mize
Real Estate Editor
Real estate editor Richard Mize has edited The Oklahoman's weekly residential real estate section and covered housing, commercial real estate, construction, development, finance and related business since 1999. From 1989 to 1999, he worked...
+ show more


Trending Now


AROUND THE WEB

  1. 1
    Lower court ruling affirmed in case against Tulsa officer
  2. 2
    The best high school basketball classes of the last 10 years
  3. 3
    Former Millwood star Josh Turner reinstated at Texas
  4. 4
    Chevy Volt top safety pick says insurance group
  5. 5
    Why won't the FAA let students fly drones?
+ show more