The total insured losses from three wildfires that have swept across California are likely to be between $600 and $800 million, according to AIR Worldwide Corp., a Boston-based modeling techniques firm owned by ISO.

AIR's estimates for the Freeway Complex, Sayre and Tea fires, which broke out in southern California on Nov. 14, include damage to or destruction of primary structures and their contents, as well as estimated business interruption costs for commercial properties and additional living expenses for residential policies.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.