Wildfires raging through Southern California so far do not pose a threat of significant insured losses, according to one property-casualty insurance trade group.
The blaze in the San Jacinto Mountains, which authorities said was due to arson, has blackened nearly 24,000 acres, or almost 38 square miles, and already forced hundreds to evacuate, according to wire service reports.
Sam Sorich, president of the Sacramento-based Association of California Insurance Companies, said that a few homes have been destroyed, but the fires have, for the most part, avoided populated areas.
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