California Insurance Department Estimates Wildfires Losses at $1.05 Billion

Reuters

The California Department of Insurance said its initial estimate for wildfire losses was $1.05 billion, but that number is expected to rise. Insurers have already received 601 claims for commercial losses, 4,177 for partial residential losses and 3,000 for auto losses. Read more from ICN about the exorbitant costs of fighting extreme fires.

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