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Insurance claims from deadly California wildfires top $12B
Source: Associated Press
Insurance claims from deadly California wildfires top $12B
By KATHLEEN RONAYNE
May 8, 2019
SACRAMENTO, Calif. (AP) — Insurance claims have topped $12 billion for the November wildfires in California, making them the most expensive in state history.
The figure released Wednesday by Insurance Commissioner Ricardo Lara covers the fire that largely destroyed the town of Paradise and two Southern California blazes. It’s up about $600 million from data released in January.
Most of the damages relate to the Paradise fire, which killed 85 people and destroyed nearly 19,000 buildings.
“While last year’s tragic wildfires turned thousands of people’s lives upside down, insurance is helping to rebuild and recover,” Lara said in a news release during Wildfire Preparedness Week.
-snip-
By KATHLEEN RONAYNE
May 8, 2019
SACRAMENTO, Calif. (AP) — Insurance claims have topped $12 billion for the November wildfires in California, making them the most expensive in state history.
The figure released Wednesday by Insurance Commissioner Ricardo Lara covers the fire that largely destroyed the town of Paradise and two Southern California blazes. It’s up about $600 million from data released in January.
Most of the damages relate to the Paradise fire, which killed 85 people and destroyed nearly 19,000 buildings.
“While last year’s tragic wildfires turned thousands of people’s lives upside down, insurance is helping to rebuild and recover,” Lara said in a news release during Wildfire Preparedness Week.
-snip-
Read more: https://apnews.com/969dd3a2c20645a6a78ea71c90e53892
