More than 84,000 acres in California's San Bernardino County were burned or on fire by July 16, but damage from the blazes did not reach the level of an insurance catastrophe, according to the Insurance Services Office.
"We haven't hit a cat yet. The fire has not impacted a significant number of vehicles or buildings," commented Christopher Guidette, a spokesperson for ISO, the parent of Property Claims Services, which keeps tabs on insured losses.
PCS defines an insurance catastrophe as one which impacts a significant number of policyholders -- in the thousands, Guidette noted. It also has a minimum threshold of a $25 million insured loss.
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