The NFPA reported recently that after an adjustment for inflation in 2007,  Total Cost of Fire in the United States has increased 86% since 1980.

NFPA report states -  The complete total cost of fire is defined as the sum of economic loss (e.g., property damage, business interruption), human loss (e.g., lives lost, medical treatment, pain and suffering), and the cost of provisions to prevent or mitigate the cost of fire (e.g., fire departments, insurance, and fire protection equipment and construction).

Other key findings from the report:

• Although the core total cost of fire increased, the economic loss due to fire decreased by 13 percent since 1980, totaling at $18.6 billion.
• The total cost of direct property damages, reported or unreported, totaled at $16.6 billion.  This figure represents 90 percent of the economic loss.  The other 10 percent represents indirect losses, such as business interruption.
• Human losses are estimated at $42.5 billion.

For more information visit NFPA.org

Tweet This Post