The insured losses from the wildfire raging through forestssouth of Lake Tahoe, Calif., will run between $100 million and $150million, according to a risk modeling firm.
|Newark, Calif.-based Risk Management Solutions came out with itsestimate as the Angora wildfire continued to ravage residences. Asof yesterday, 305 buildings and outbuildings had gone up in flames,according to a report issued by the State of California.
|The fire has consumed almost 3,100 acres, according to RMS.
|"The Angora fire is the largest to have occurred in the Tahoeregion in over four decades," said Don Windeler, director ofwildfire risk modeling at RMS.
|As of yesterday, there were 298 claims from the fire, and thatnumber is expected to rise, said Tully Lehman, spokesperson forInsurance Information Network of California.
|But Mr. Lehman said it is too early to say how much insuredlosses will be.
|"It is too early to tell about claim amounts. Claims may beadditional living expenses, so we don't know as of now," said Mr.Lehman.
|The claims include homeowners, automobile and commercial,according to IINC.
|Homes affected by the fire are a mix of high-priced andlow-priced homes, said Mr. Lehman.
|There have been no fatalities and three injuries sinceyesterday, according to the report by the State of California.
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