Farmers Insurance has received, to date, more than 4,000 claims from the wildfires that impacted Northern California in October.
The claims have an estimated gross cost of $1.2 billion. With reinsurance, Farmers estimates an incurred loss of $140 million. After reinsurance and taxes, Farmers expects a net incurred loss of $90 million.
The fires affected Butte, Lake, Mendocino, Napa, Nevada, Sonoma and Yuba counties.