California Wildfire Insurance Claims at $9 Billion

There are more than 28,000 claims for residential personal property

 

In this Dec. 3, 2018 file photo, a vehicle rests in front of a home leveled by the Camp Fire in Paradise, Calif. Authorities estimate it will cost at least $3 billion to clear debris of 19,000 homes destroyed by California wildfires last month. State and federal disaster relief officials said Tuesday, Dec. 11, 2018, that private contractors will most likely begin removing debris in January from Butte, Ventura and Los Angeles counties and costs are likely to surpass initial estimates. (AP Photo/Noah Berger, File)

 

By KATHLEEN RONAYNE, Associated Press

See also  Colorado Community Reflects on 2013 Wildfire Lessons

SACRAMENTO, Calif. (AP) — Insurance claims from last month’s California wildfires already are at $9 billion and expected to increase, the state’s insurance commissioner announced Wednesday.

About $7 billion in claims are from the Camp Fire that destroyed the Northern California city of Paradise and killed at least 86 people, making it the deadliest U.S. wildfire in at least a century. The rest is from the Woolsey and Hill fires in Southern California.

Collectively, the fires destroyed or damaged more than 20,000 structures, with the vast majority in and around Paradise. On Tuesday, state and federal authorities estimated it will cost at least $3 billion just to clear debris.

See also  Heat, Wildfire Bake Southwest States

“As the claims get perfected, as individuals get access to their former homes and neighborhoods, as they dialogue with their insurance companies and share more information about the scope of their loss, we expect these numbers to rise,” Insurance Commissioner Dave Jones said of the $9 billion estimate.

There are more than 28,000 claims for residential personal property, nearly 2,000 from commercial property and 9,400 in auto and other claims for the fires.

That’s well above the number of claims filed following a series of fires that tore through Northern California’s wine country last year. Losses from those fires were initially pegged at $3.3 billion but eventually grew to $10 billion.

See also  Military Aircraft Sent to Fight Western Wildfires

While the Camp Fire destroyed about

Topics

Subscribe to Our Monthly Newsletter

Stay in the loop with our wildland newsletter.

There are more than 28,000 claims for residential personal property     By KATHLEEN RONAYNE, Associated Press SACRAMENTO, Calif. (AP) — Insurance claims from last month’s California wildfires already are at $9 billion and expected to increase, the state’s insurance commissioner announced Wednesday. About $7 billion in claims are from the Camp Fire that destroyed […]

Get The Wildland Firefighter Newsletter

Related Articles

Feds Now Want Employees on Leave to Help Fight Wildfires

Feds Now Want Employees on Leave to Help Fight Wildfires

Bob Timmons - Star Tribune (TNS) Wary of wildfire threats, the U.S. Forest Service is asking as many as 1,400 employees who left the agency in recent months to help fight wildfires this summer. The request is to employees who resigned amid the Trump administration’s...