PressTV-Insurance claims for California wildfires hit $9 billion

Insurance claims from the recent devastating California wildfires that killed at least 89 people and destroyed 19,000 homes and businesses have reached at least $9 billion, the state’s insurance commissioner said Wednesday.

“The devastating wildfires of 2018 were the deadliest and costliest wildfire catastrophes in California’s history,” said California Insurance Commissioner Dave Jones.

“The tragic deaths… and over $9 billion in insured losses to date are shocking numbers — behind the insured loss numbers are thousands of people who’ve been traumatized by unfathomable loss.”

He said the figures released in connection with the three wildfires — the Camp Fire, The Woolsey Fire, and the Hill Fire — are preliminary.

State and federal authorities announced on Tuesday that it will cost at least $3 billion to clear debris from the blazes.

Most of the insurance payouts — some $7 billion — concern the Camp Fire in Northern…

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