Insurance claims from California wildfires near $12 billion

Posted at 11:16 AM, Jan 31, 2018
and last updated 2018-01-31 13:16:42-05

SACRAMENTO, Calif. (AP) – Insurance claims from last year’s deadly California wildfires have reached $11.8 billion, the most expensive series of wildfires in state history.
The staggering figure released Wednesday includes $1.8 billion in insurance claims from fires that swept through Southern California in December.
The rest is from a series of fires in Northern California’s wine country in October.
Before last year, California’s most expensive single fire was the 1991 Oakland Hills fire that prompted $2.7 billion in claims in today’s dollars.
Insurance Commissioner Dave Jones says that the firestorms damaged or destroyed 32,000 homes, 4,300 businesses and more than 8,200 vehicles, boats and other equipment.
The totals do not include insurance claims related to mudslides that buried homes and vehicles in Montecito when torrential rain fell on hillsides burned in the December fires.

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1/31/2018 10:09:46 AM (GMT -8:00)