NU Online News Service, Dec. 8, 1:01 p.m. EST
The largest of Texas' 2011 wildfires, the Bastrop fire, is now expected to cause $325 million in insured losses, up from previous estimates of $250 million, according to the Insurance Council of Texas.
Overall 2011 wildfire insured losses are still projected to hit $500 million, making 2011 by far the costliest year for wildfires in the state. The previous record was $115 million in insured losses in 2009, ICT says.
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