California wildfire insurance claims top $3.3 billion
November 1, 2017
SACRAMENTO, Calif. (AP) — Property damage claims from a series of deadly October wildfires now exceed $3.3 billion, California Insurance Commissioner Dave Jones said Tuesday.
The figure represents claims for homes and businesses insured by 15 companies and is more than triple the previous estimate of $1 billion. Jones said the number will continue to rise as more claims are reported.
The amount of claims now reported means that the fires caused more damage than California's 1991 Oakland Hills fire, which was previously the state's costliest, with $2.7 billion in damages in 2015 dollars, a...