Insurance Claims for Northern California Wildfires Reach $9B

SACRAMENTO, Calif. (AP) — Greater than $9 billion in insurance coverage claims have been filed following wildfires that ravaged Northern California two months in the past, the state’s prime insurance coverage regulator stated Wednesday.

The determine represents residential, business, vehicle and different property claims filed with 260 insurers by Dec. 1, Insurance coverage Commissioner Dave Jones stated. It’s up from $three.three billion in losses that Jones introduced in late October. He stated the quantity just isn’t more likely to rise considerably.

The wildfires that ripped by way of Northern California have been the deadliest in state historical past.

“This represents some of the devastating collection of fires in California’s historical past when it comes to insured losses,” Jones advised The Related Press. “And behind these staggering numbers are private tales of tragedy and loss, and forty four people whose lives have been misplaced.”

Individuals have filed claims about full or partial losses of greater than 18,000 houses, most of them in Sonoma County, the place a blaze destroyed a number of neighborhoods. There have been almost 2,300 enterprise property claims, almost 5,000 car claims and 650 claims for different property, together with boats.

Jones stated the state has helped no less than 2,000 individuals with insurance coverage questions or disputes.

Regardless of the staggering losses in a brief time period, Jones stated there’s “no query” that insurers have the cash obtainable to pay claims.

Additionally Wednesday, the FBI introduced it’s created a process pressure with state and native businesses to research potential fraud in wildfire aid efforts. The FBI’s San Francisco Division stated the duty pressure will use intelligence about fraud in different current disasters, together with hurricanes in Texas, Florida and Puerto Rico earlier this yr.

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