A rising number of US companies are flagging wildfire risk as suppression costs climb
November 10, 2019 at 09:00 AM EST
California's biggest utilities aren't the only U.S. companies grappling with the increased force and frequency of wildfires. The number of S&P 500 firms flagging "wildfires" as a potential risk factor in annual reports has increased rapidly over the past decade — from 9 in all of 2010 to 37 so far in 2019. In just the past year, at least 14 companies in the S&P 500, including Marriott and Monster Beverage, have added wildfires to their basket of concerns in 10-K filings with the SEC.