California residents who suffered catastrophic losses due to the November 2018 wildfires filed insurance claims totaling $11.4 billion, according to new estimates released by state insurance officials.

The by Insurance Commissioner Ricardo Lara represents a 25 percent hike — more than $2.3 billion — over the estimate in December.

“Today, we have a clearer picture of the loss from the devastating Camp and Woolsey fires,” said Commissioner Lara. “To the residents of Paradise, Butte, Malibu, Los Angeles and the other communities who have lost so much—we stand with you on the long road to recovery.”

Butte County, which includes the Northern California town of Paradise, sustained the most damage. The there claimed 86 lives and destroyed nearly 14,000 homes. Claims from that fire alone total $8.4 billion, Lara in a news conference.

Two other wildfires in Southern California, the and the Fires, resulted in in damage claims.

Counting all of the other 2018 California wildfires, the total damage claims has reached $12.4 billion, Lara said.

The figures come as Pacific Gas and Electric Co., California‘s largest utility, is expected to file for this week. Its transmission lines are suspected of igniting the Camp Fire, although an investigation is still ongoing.


Please enter your comment!
Please enter your name here