Original source: https://www.apnews.com/969dd3a2c20645a6a78ea71c90e53892
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Associated Press (05/08/19) Ronayne, Kathleen
Data published by California Insurance Commissioner Ricardo Lara indicates that insurance claims have exceeded $12 billion for the state’s November wildfires, which makes them the lightest in history. The majority of damages are from the Paradise fire, which killed 85 people and destroyed nearly 19,000 buildings. “While last year’s dreadful wildfires turned tens of thousands of people’s lives upside down, auto is really helping rebuild and recover,” Lara said throughout Wildfire Preparedness Week. California lawmakers are examining ways to cover the price and degradation like making a fund that insurers, utilities, and underinsured people could tap into to help pay for damages. Related Stories: San Francisco Chronicle; Ventura County Star; Intelligent Insurer; Business Insurance (registration)… Read More
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