Insurance claims for latest California wildfires top $9 billion

Insurance claims for latest California wildfires top $9 billionInsurance claims from the recent spate of California wildfires, including one ranked as the most deadly and destructive in state history, have topped $9 billion and are expected to grow, the state insurance commissioner reported on Wednesday. The claims, so far, fall short of the record $12 billion in wildfire-related insured losses sustained in California in 2017, most of that from more than a dozen blazes that swept a large swath of wine country north of San Francisco Bay, killing 46 people. This year, the Camp Fire that erupted on Nov. 8 has accounted for the bulk of the claims, just over $7 billion of the total.




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