Tahoe Fire Losses Could Reach $150 Million, Victims May Be Underinsured

Monday, July 2nd, 2007 — Insured loss estimates for the Angora Fire burning in Lake Tahoe have been upped to $100 million to $150 million, according to Risk Management Solutions, a Newark, Calif.-based risk modeling company. However, the California Department of Insurance predicted that many homeowners could be underinsured to rebuild.