California DOI: Wildfires Losses At $3.3B, Rising

  Wednesday, November 1st, 2017 Source: Reuters

Wildfires in California have caused insured losses of more than $3.3 billion, based on claims reported by 15 insurers, and the figure will rise, the California Department of Insurance said on Tuesday. The number includes claims for 10,016 partial residential losses, 4,712 total residential losses, 728 commercial property losses, and 3,200 personal auto losses, California Insurance Commissioner Dave Jones said on a media call. Since erupting on Oct. 8 and 9, the blazes in parts of Northern California have burnt more than 245,000 acres (99,148 hectares) and destroyed an estimated 8,900 buildings as of Monday, according to the California Department of Forestry and Fire Protection.

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