Close  

At least $9B in insurance claims from California fires

/ 08:52 AM December 13, 2018
California Wildfires Malibu A Spanish-style home is consumed by flames on Dume Drive in the Point Dume area of Malibu, Calif., Friday, Nov. 9, 2018. Known as the Woolsey Fire, it has consumed tens of thousands of acres and destroyed multiple homes. (AP Photo/Reed Saxon)

A Spanish-style home is consumed by flames on Dume Drive in the Point Dume area of Malibu, California, on Nov. 9, 2018. Known as the Woolsey Fire, it has consumed tens of thousands of acres and destroyed multiple homes. AP FILE

LOS ANGELES, United States – Insurance claims from the recent devastating California wildfires that killed at least 89 people and destroyed 19,000 homes and businesses have reached at least $9 billion, the state’s insurance commissioner said Wednesday.

“The devastating wildfires of 2018 were the deadliest and costliest wildfire catastrophes in California’s history,” said California Insurance Commissioner Dave Jones.

ADVERTISEMENT

“The tragic deaths … and over $9 billion in insured losses to date are shocking numbers — behind the insured loss numbers are thousands of people who’ve been traumatized by unfathomable loss.”

He said the figures released in connection with the three wildfires — the Camp Fire, The Woolsey Fire and the Hill Fire —  are preliminary.

FEATURED STORIES

State and federal authorities announced on Tuesday that it will cost at least $3 billion to clear debris from the blazes.

Most of the insurance payouts — some $7 billion — concern the Camp Fire in Northern California, which wiped out the town of Paradise and killed 86 people, making it the deadliest wildfire in recent California history.

Three other people died in the Woolsey Fire, which destroyed hundreds of homes and businesses in Southern California, including the homes of several celebrities in Malibu.

The third blaze, the Hill Fire, also in Southern California, scorched thousands of acres in the Santa Rosa Valley.

Insurance claims for those fires are expected to top $2 billion.

Nancy Kincaid, spokeswoman for the California Department of Insurance, said claims could very well exceed the record-breaking $10.4 billion paid out last year following deadly wildfires that ripped through the state’s wine country.

“These are the first numbers we’ve recorded so far … and it’s possible that very quickly last year’s record will be broken,” she told AFP. /cbb

ADVERTISEMENT

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: California, insurance claims, news, Wildfires
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.