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Fire losses in U.S. total 1.9% of GDP

From NCMA eNews
June 11, 2020

According to the report Total Cost of Fire in the United States by the Fire Protection Research Foundation and National Fire Protection Association (NFPA), the total cost of fires in 2014 was $328.5 billion, equaling 1.9% of the U.S. Gross Domestic Product (GDP). While direct property loss is a relatively small portion of the total, the report does not include the additional loss to business, both for property experiencing fire and the surrounding businesses disrupted. It is clear that increasing resilience to fire by using non-combustible materials would have a positive economic benefit. Read more.