BELLINGS

Cotality: Wildfire risk threatens $1.4T in properties across western states

More than 2.5 million properties across the 10 most exposed western states face a moderate or greater risk of wildfire damage, representing nearly $1.4 trillion in reconstruction cost value, according to Cotality’s 2026 Wildfire Risk Report.

More than 2.5 million properties across the 10 most exposed western states face a moderate or greater risk of wildfire damage, representing nearly $1.4 trillion in reconstruction cost value, according to Cotality’s 2026 Wildfire Risk Report.

BELLINGS Intelligence Score: 22

Why it matters

The wildfire risk report highlights significant property exposure to natural disaster risk, which is relevant for credit professionals assessing collateral and regional credit risk, but it is primarily a risk assessment rather than a direct market-moving event.

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