Environment & Energy Report

Three California Fires Expected to Cost Insurers $9 Billion

Dec. 12, 2018, 8:10 PM

Three of last month’s California wildfires will cost insurers about $9.05 billion, according to preliminary information from state regulators.

That figure is based on initial claims that insurers have received from the Camp, Woolsey, and Hill fires, California Insurance Commissioner Dave Jones said on a conference call Dec. 12. The number is likely to rise over time as more people get access to their neighborhoods and additional claims are processed, he said.

Residents and their insurers have been coping with heightened risk of wildfires in recent years. The Camp and Woolsey fires killed 89 people and destroyed more than 20,000...

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