California Wildfires Expected to Cause Record Insurance Loss: Report - NBC Bay Area
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California Wildfires Expected to Cause Record Insurance Loss: Report

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    California Wildfires Expected to Cause Record Insurance Loss: Report
    Getty Images
    Flames rise behind Ledson Winery on October 14, 2017 in Kenwood, near Santa Rosa, California. At least 43 people are confirmed dead and injured 185 others. According to CalFire, 8,560 structures were destroyed. (Photo by David McNew/Getty Images)

    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.

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