California: Insured losses from September wildfires top $1B

The fires in the states Valley and Butte areas are among the most costly in the states history.

By Shawn Selby | Updated on January 26, 2016

Two wildfires in Northern California last fall caused an estimated $1 billion in insurance losses, according to a preliminary report from the California Department of Insurance.

The fires in the state’s Valley and Butte areas are among the most costly in the state’s history, the report said.

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