United States: Wildfires Cause Insured Losses Exceeding $1 Billion
On the 19th, the California Insurance Commissioner said that according to data provided by the eight largest insurance companies in the fire-affected areas, insured losses from the recent fires are preliminarily estimated at more than $1 billion, and the figure is expected to rise further.
According to official data, wildfires in Northern California destroyed 7,000 buildings. The Associated Press reported that the wildfires have so far caused 42 deaths, making them one of the worst fires in California history.
Source: CCTV.com
