Insurance claims have topped $12 billion for the November wildfires in California, making them the most expensive in state history.
The figure released Wednesday by Insurance Commissioner Ricardo Lara covers the Camp fire that destroyed the Northern California town of Paradise as well as the Woolsey and Hill blazes in Los Angeles and Ventura counties.Most of the damage relates to the Camp fire, which killed 85 people and destroyed nearly 19,000 structures.
The increasing destruction is making it harder and more costly for people to obtain homeowners insurance. “Insurers continue to be committed to doing business in California,” she said in a statement noting that California’s market is one of the nation’s largest.
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