The impact of the devastating wildfires in Oklahoma and Texas on insurers is not clear as firefighters work to contain the blazes that have claimed thousands of acres and at least five lives.
The wildfires have affected dozens of counties in both states, closing highways and destroying homes in their wake over the past few days, according to the Texas Department of Emergency Management and Oklahoma Department of Emergency Management.
The region has been under persistent drought since early summer, noted Texas Gov. Rick Perry in issuing an emergency declaration order. He said a combination of high winds and unseasonably warm temperatures have compounded the problem, "creating the most severe wildfire threat in five years."
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