Two wildfires in Northern California last fall caused an estimated $1 billion in insurance losses, according to a preliminary report from the California Department of Insurance.
The fires in the state's Valley and Butte areas are among the most costly in the state's history, the report said.
The Valley fire destroyed 1,958 homes and buildings in Lake, Napa and Sonoma counties, which resulted in an estimated $700 million in insured losses, the department said.
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