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Calif. Wildfire Insured Loss Could Hit $150 Million

Newark, Calif.-based Risk Management Solutions came out with its estimate as the Angora wildfire continued to ravage residences. As of yesterday, 305 buildings and outbuildings had gone up in flames,

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The insured losses from the wildfire raging through forests south of Lake Tahoe, Calif., will run between $100 million and $150 million, according to a risk modeling firm.

Newark, Calif.-based Risk Management Solutions came out with its estimate as the Angora wildfire continued to ravage residences. As of yesterday, 305 buildings and outbuildings had gone up in flames, according to a report issued by the State of California.

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