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October wildfire claims surpass $9.4B in California


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October wildfire claims surpass $9.4B in California

The total insured losses from the October wildfires in California have topped $9.4 billion, with the North Bay fires alone accounting for $9 billion, according to the California Department of Insurance.

More than 260 insurers reported their total claims as of Dec. 1 in the regulator's latest report, which includes the damage to over 21,000 homes, 2,800 businesses and over 6,100 private autos and commercial vehicles. It also includes the 788 losses involving other lines of insurance, including agricultural equipment and watercraft. According to the report, 5,747 residential properties and 997 commercial properties were total losses.

Insurance Commissioner Dave Jones said the wildfires in northern and parts of southern California are now considered one of the most "deadly and costly" events in the state's history.