Insured Losses From Marshall Fire Estimated Near $1B, Costliest In Colorado History

The late-season Marshall Fire in Boulder County, Colorado, which destroyed almost 1,000 structures after strong winds accelerated the spread, is estimated to have resulted in insured losses of approximately $1 billion, according to risk modeller Karen Clark & Company.

On December 30th, 2021, a rare and devastating wildfire started in Boulder County.

Although the fire only burned through an area of some 6,000 acres over two days, as around 10 inches of snow contained the fire, it’s still likely to become the costliest fire in the state’s history.

Alongside the destruction of nearly 1,000 structures, a further 100+ structures were damaged as a prolonged period of unusually warm and dry weather along the Colorado Front Range primed the environment for such an event.

As KCC reports, entire subdivisions throughout Superior, Louisville, and Boulder County were devastated by the wildfire.