Insured losses from wildfires in Colorado are projected to be near $1 billion, according to Karen Clark & Company (KCC), which reported the recent wildfire might be the most destructive in the state's history.

The fire spread to approximately 6,000 acres and burned entire subdivisions in Superior, Louisville and unincorporated Boulder County, according to KCC. As previously reported, nearly 1,000 structures were destroyed in the fire and more than 100 buildings were damaged.

The majority of the damage was concentrated about 20 miles northwest of Denver in Louisville, which saw 533 structures destroyed and 45 damaged. In addition to homes, a shopping center, hotel and large commercial area in Louisville were impacted, KCC reported.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]