FILE- This Dec. 3, 2018, file photo shows homes leveled by the Camp Fire line the Ridgewood Mobile Home Park retirement community in Paradise, Calif. Insurance claims from California’s deadly November 2018 wildfires have topped $11.4 billion. (AP Photo/Noah Berger, File)

Insurance claims from deadly California wildfires top $11.4B

About $8 billion of the losses are from the fire that levelled the town of Paradise

Insurance claims from California’s deadly November 2018 wildfires have topped $11.4 billion, making the series of fires one of the most expensive in state history, officials said Monday.

More than $8 billion of those losses are from the fire that levelled the town of Paradise, killing 86 people and destroying roughly 15,000 homes, state Insurance Commissioner Ricardo Lara said. Roughly $3 billion worth of damage is related to two Southern California wildfires that ignited during the same week.

“We have a long way to go before we can feel whole again,” Lara said after announcing the numbers.

READ MORE: California wildfire costliest natural disaster in 2018

The $11.4 billion total is slightly below the losses claimed from 2017 wildfires that ripped through Northern California wine country in October and Southern California in December.

While far more houses were destroyed in last year’s wildfires, home values are much lower in rural California communities, officials said last year.

The losses could keep rising. In all, wildfire insurance claims in California last year neared $12.4 billion, Lara said.

The new numbers come as Pacific Gas & Electric Corp., the nation’s largest utility, prepares to file for bankruptcy as early as Tuesday. State officials have not yet determined the cause of last year’s wildfires, but PG&E equipment is suspected in the Paradise blaze.

California law makes utilities entirely liable for damage from wildfires sparked by their equipment, even if the utility isn’t found negligent. PG&E has said it faces billions in possible damages from fires.

READ MORE: Climate change doubled risk of B.C.’s record-setting 2017 wildfires: study

Regardless of what happens with the utility, California’s insurers are prepared to pay out all the claims, most of which were filed by residential property owners, Lara said.

“We are confident that the insurers have the money to make sure that we make people whole,” Lara said.

Kathleen Ronayne, The Associated Press

Like us on Facebook and follow us on Twitter.

Just Posted

Moose Hide campaign takes message to Canadian schools

Campaign launches new K-12 education platform

Lost wedding ring found on Valentine’s Day

Dan Milbrath’s ring is back where it belongs

Victoria installation for the blind causes problems for those with mobility issues

The truncated domes installed at Blanshard and Fort streets aren’t helpful for everyone

Funds being raised for double-amputee Ecuadorean dancer

North Saanich woman is putting out collection jars if people would like to donate

New report finds some Syrian refugees struggling in job market

Government-sponsored refugees have found it more than difficult than privately sponsored refugees

‘Just like Iron Man’: Calgary surgeon undergoes experimental spinal surgery

Dr. Richi Gill was in a freak accident on a boogie board during a family vacation in Hawaii

Canadian airlines waiting for guidance from Ottawa over X gender option

Major U.S. airlines said they will change their process so passengers can identify themselves along non-binary lines

‘Violent’ B.C. man wanted on Canada-wide warrant

Prince George man with ties to Vernon sought by police

Homicide police investigate assault turned deadly in Surrey

60-year-old man died at hospital after assault

Trudeau’s principal secretary, Gerald Butts, resigns amid SNC-Lavalin furor

Butts categorically denies the accusation that he or anyone else in the PMO improperly pressured former attorney general Jody Wilson-Raybould

Deported B.C. man who came to Canada as a baby granted chance at return

Len Van Heest was deported to the Netherlands in 2017

A Mother’s Wish: Ryan Shtuka’s mother wants her son to be ‘forever known’

‍‍‍‍‍“Let me tell you a story …. it all began with a boy named Ryan”

Sex abuse survivors to meet with Vatican summit organizers

Pope Francis has urged participants to meet with abuse victims before they came to Rome

Most Read