Another catastrophe modeling firm has estimated California wildfire losses will go well above $1 billion, and the state's largest home insurer--State Farm--said it has already logged 2,000 claims and the number is expected to rise.
Meanwhile, there was divided opinion on the amount of claims litigation that could result once the flames are extinguished.
The latest modeling firm estimate came from Boston-based Air Worldwide Corp., which said insured losses were likely to exceed $1.5 billion.
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