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FOR RELEASE
January 11, 2024
C.A.R. launches FortressFire's Wildfire Disclosure Report for California residential real estate transactions
Los Angeles, Calif. (Jan. 11) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) has partnered with FortressFire to provide Wildfire Disclosure Reports (WFDRs) in California that document the specific vulnerabilities of a home and provide a roadmap for how to protect and insure it, for the safety and security of homeowners’ investments.
Leveraging satellite imagery, machine learning, and advanced physics models, these reports provide essential insights into wildfire vulnerability, insurability challenges, and property compliance complexities, particularly in wildfire hazard zones rated “moderate” through “extreme risk.”
As the threat of wildfires continues to impact communities across California, C.A.R. recognizes the invaluable role FortressFire's Wildfire Disclosure Reports plays in shaping the future of residential real estate transactions. These innovative reports offer more than just data; they provide actionable insights and roadmaps to mitigate property-specific wildfire vulnerabilities.
FortressFire's reports, developed with input and guidance from C.A.R. and its members, reflect a commitment to leveraging advanced technology to assess and mitigate property-specific wildfire risks. C.A.R. President Jennifer Branchini stated, "FortressFire's reports are valuable tools for real estate professionals and property owners in California. They allow our members to offer comprehensive wildfire vulnerability assessments and guide clients toward proactive mitigation strategies, ensuring the safety and security of their investments."
Paul Scola, Chief Revenue Officer at FortressFire, commented, "We are honored to partner with the CALIFORNIA ASSOCIATION OF REALTORS®. Their collaboration in the development and launch of our Wildfire Disclosure Reports reflect a shared commitment to equipping homeowners with essential insights to navigate the ever-evolving dynamics of wildfire risk and creating a more resilient real estate industry."
C.A.R. encourages all residential real estate transactions in California, particularly those in wildfire hazard zones rated “moderate” through “extreme risk,” to incorporate FortressFire's Wildfire Disclosure Reports. Furthermore, C.A.R. is pleased to announce that these reports will become an integral part of the standard Residential Purchase Agreement used throughout the state of California by the end of the year. This integration will streamline the process of ordering and accessing property-specific data and details, further enhancing property owners' ability to safeguard their properties and safety.
To learn more about FortressFire's Wildfire Disclosure Report and its transformative impact on the real estate industry, visit www.fortressfire.com. To order a report, please contact your real estate professional or one of our authorized distribution partners – First American/JCL-LGS NHD, Snap NHD, myNHD, or PropertyID – or visit www.car.org.
About FortressFire
FortressFire brings together a diverse group of scientists, technologists, insurance experts, service operations leaders, and fire management professionals dedicated to protecting homes and businesses from the devastation of wildfire. We understand the complex, chaotic nature of fire and how the inability to precisely model and quantify that threat at the individual property level has disrupted the property insurance market in California and the western U.S. FortressFire was founded on the belief that today's technology can enable practical, effective preparation strategies and mitigation services at scale to protect residential properties, communities, and small commercial enterprises. FortressFire's innovative AMP Platform uses machine learning and predictive modeling to assess wildfire vulnerability risk, recommend mitigation actions, and provide ongoing monitoring and protection services. Visit fortressfire.com to learn more.
Leading the way ...® in real estate news and information for more than 117 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States, with more than 200,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.
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