Catastrophe modeling firm Karen Clark & Company (KCC) said on Wednesday it expects insured losses of about $1 billion from the rare winter wildfire that roared through two towns in Boulder County, Colorado, and destroyed a 1,000 homes.
In Colorado, the wildfire season does not typically extend into the winter thanks to snow cover and cold temperatures, but the Marshall Fire is part of a general trend of longer fire seasons and drier kindling in the Western U.S. as global temperatures rise, KCC said.
The Marshall fire burned about 6,000 acres, with nearly 1,000 structures destroyed and over 100 damaged as of Tuesday, KCC said. It follows the Pine Gulch Fire in 2020, Colorado's largest. Climate change has been driving more so-called "secondary peril" weather events that are smaller than hurricanes, for instance, but less predictable. Other secondary perils include small- to mid-size localized events like wildfires, winter storms and hail storms.
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