FILE- This Dec. 3, 2018, file photo shows homes leveled by the Camp Fire line the Ridgewood Mobile Home Park retirement community in Paradise, Calif. Insurance claims from California’s deadly November 2018 wildfires have topped $11.4 billion. (AP Photo/Noah Berger, File)

Insurance claims from deadly California wildfires top $11.4B

About $8 billion of the losses are from the fire that levelled the town of Paradise

Insurance claims from California’s deadly November 2018 wildfires have topped $11.4 billion, making the series of fires one of the most expensive in state history, officials said Monday.

More than $8 billion of those losses are from the fire that levelled the town of Paradise, killing 86 people and destroying roughly 15,000 homes, state Insurance Commissioner Ricardo Lara said. Roughly $3 billion worth of damage is related to two Southern California wildfires that ignited during the same week.

“We have a long way to go before we can feel whole again,” Lara said after announcing the numbers.

READ MORE: California wildfire costliest natural disaster in 2018

The $11.4 billion total is slightly below the losses claimed from 2017 wildfires that ripped through Northern California wine country in October and Southern California in December.

While far more houses were destroyed in last year’s wildfires, home values are much lower in rural California communities, officials said last year.

The losses could keep rising. In all, wildfire insurance claims in California last year neared $12.4 billion, Lara said.

The new numbers come as Pacific Gas & Electric Corp., the nation’s largest utility, prepares to file for bankruptcy as early as Tuesday. State officials have not yet determined the cause of last year’s wildfires, but PG&E equipment is suspected in the Paradise blaze.

California law makes utilities entirely liable for damage from wildfires sparked by their equipment, even if the utility isn’t found negligent. PG&E has said it faces billions in possible damages from fires.

READ MORE: Climate change doubled risk of B.C.’s record-setting 2017 wildfires: study

Regardless of what happens with the utility, California’s insurers are prepared to pay out all the claims, most of which were filed by residential property owners, Lara said.

“We are confident that the insurers have the money to make sure that we make people whole,” Lara said.

Kathleen Ronayne, The Associated Press

Like us on Facebook and follow us on Twitter.

Just Posted

DJ Shub headlines Cumberland’s Party in the Park

On the weekend of National Indigenous Peoples Day, and the summer solstice… Continue reading

Asian business owners adapt to life in the Valley

Government program helps labour market

Boomer’s Legacy Bike Ride raises more than $40,000

42 registered cyclists ride to Nanaimo and back

Millard Piercy Watershed Stewards receive Keep It Living Award

The Millard-Piercy Watershed Stewards were recently honoured as recipients of Project Watershed’s… Continue reading

Comox Valley to host national skeet shooting championship

The Courtenay and District Fish and Game Protective Association shotgun facility will… Continue reading

10 facts about Father’s Day

Did you know that the special day for dads was first celebrated in 1910?

Monkey spotted on late-night jaunt in Campbell River

Conservation officers also apparently looking for cougar in the area

B.C. university to offer mentorship program for former youth in care

Students using the provincial tuition waiver program will soon be able to form a community at KPU

Cyclists competing in one of the toughest bike races on the planet pass through Fernie

Divide riders looking strong as they finish first leg of 4160 km race

You might not know these B.C. records are public

Hired a lawyer to file a civil claim? Those are published online

B.C. bus driver loses case to get job back after texting while driving full bus

An arbitator ruled that Tim Wesman’s phone usage was a “a reckless disregard for public safety”

Revamped B.C. Lions set to battle veteran Winnipeg Blue Bombers

The Lions’ first test of the season will be a big one

No business case for Trans Mountain expansion, says former environment minister

Cabinet is expected to announce its decision on the expansion of the Alberta-to-B.C. pipeline by Tuesday

LETTER: British Columbia’s forest industry crisis being made worse

Andrew Wilkinson warns of regulatory overload by John Horgan’s NDP

Most Read