Tuesday, December 12, 2017

Total cost of structural fires in U.S. reached $328.5 billion in 2014

The total cost of structural fires in the United States in 2014 was $328.5 billion, according to a new report written by University at Buffalo engineers and issued by the National Fire Protection Association.

Of that total, $273.1 billion, or 83%, of the cost was attributed to outfitting new buildings with fire prevention systems, operating fire departments, fire insurance, and other expenditures. The cost associated with losses—such as deaths, injuries, and destruction of property—was $55.4 billion.

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