More Than A Quarter Of California Wildfire Claims Are For Total Losses

 Thursday, December 13, 2018

 Reuters

Insurance claims from the recent spate of California wildfires, including one ranked as the most deadly and destructive in state history, have topped $9 billion and are expected to grow, the state insurance commissioner reported on Wednesday. The claims, so far, fall short of the record $12 billion in wildfire-related insured losses sustained in California in 2017, most of that from more than a dozen blazes that swept a large swath of wine country north of San Francisco Bay, killing 46 people. This year, the Camp Fire that erupted on Nov. 8 has accounted for the bulk of the claims, just over $7 billion of the total.
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