The major wildfire outbreak in Northern California is now considered the costliest insured wildfire event ever recorded, according to a new report by Aon Catastrophe.
The report, which analyzes natural hazard activity worldwide, found that the wildfires that damaged Napa, Sonoma, Mendocino, Lake, Solano, Butte and Yuba counties left a record bill of $3.32 billion for U.S. insurers.
The California Department of Insurance said at least 19,000 residential, commercial and auto claims have been filed and the payout is expected to rise to $8 billion as more claims are processed.
According to data from CalFire, nearly 9,300 structures were damaged and more than 8,560 were destroyed by the fires.
