Although official loss numbers have not yet been released for Colorado's Black Forest Fire, the state's insurance association says the record-setting blaze may cost insurers more than $100 million.
"Adjusters have been in the process of compiling losses for several weeks now, and with about 486 homes burned according to El Paso County, it certainly is the most destructive in [state] history in terms of structures burned in one fire," Carole Walker, executive director of the Rocky Mountain Insurance Information Association (RMIIA), tells PC360. "Initial estimates show that damage can be upwards of $100 million in losses."
On Tuesday, El Paso County assessor Mark Lowderman told the Denver Post that the fire, which started on June 11, burned more than 14,000 acres, caused about $85 million in damage to homes. The total was given after the assessor's office conducted on-site inspections of 2,400 parcels.
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