Insurance

We may never be able to know the true cost of California's massive wildfires

4 days ago   |   By

REUTERS/Gene Blevins
The deadly wildfires in California cost at least $9.4 billion in property, vehicle, and business losses, insurance claims show.
But many homeowners are finding out that their homes were underinsured.
A lot of other damage occurred that was not covered by insurance. So the ultimate monetary damage will be far larger than the aggregate insurance claims reported by the industry - and may never be fully known.
The wildfires in California's North Bay area that started on October 8 and killed 44 people - “the most destructive and deadliest in our state's history,” as the...
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