The wildfires that ravaged parts of California in October caused at least $3 billion in insured losses, a total of 14,720 damaged or destroyed homes, and nearly 3,200 personal vehicle losses, officials said Tuesday. As of November 2, the death toll stands at 43. Insurance Commissioner Dave Jones announced Tuesday, October 31 the new total of insured losses from the October wildfires in California now tops $3 billion. This is a three-fold increase in just two weeks. However, the number is still expected to climb, according to California Department of Insurance officials.
“As shocking as $3 billion in insured losses are, the number is sure to grow, as more claims are coming,” Jones said. “The insured losses only tell part of the tragic story of the October fires. We must remember that 43 people lost their lives and behind every insurance claim is someone who has lost their home, their business, and their precious memories. It will take years for these communities to recover and rebuild.” CONTINUE
