NFPA reports annually on large-loss fires and explosions that occurred in the United States the year before. Those fires are defined as events that result in property damage of at least $10 million. There were 25 such fires in 2016, resulting in a total of over $1.4 billion in direct property losses. In order to compare losses over the past 10 years, we adjust losses for inflation to 2007 dollars. When adjusted for inflation, the number of fires in 2016 that would have been categorized as large-loss fires—that is, fires resulting in a loss of $10 million in 2007 dollars—drops to 18, with an adjusted loss of slightly more than $1.2 billion.