October Wildfire Losses Top $9.4B: California Department Of Insurance

 Thursday, December 7, 2017

 Reuters

Insured losses from wildfires that raged through California in October topped $9.4 billion, the state’s insurance commissioner said on Wednesday. "The October wildfires that devastated whole communities and tragically cost 44 people their lives have now proven to be the most destructive and deadliest in our state’s history," Dave Jones said in a statement. A single wildfire event, the North Bay fires, alone accounted for $9 billion in claimed losses. The report is based on claims as of Dec. 1 reported by more than 260 insurers. The claims include cover for destruction of over 21,000 homes and 2,800 businesses.
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