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California wildfires expected to cause record insurance loss, Aon reports

Data from Californian fire protection organization, CalFire, indicated that nearly 9,3000 structures were damaged, of which more than 8,560 were destroyed.

By Denny Jacob | Updated on November 13, 2017
The California Department of Insurance cited that at least 19,000 residential, commercial and auto claims had been filed, with payouts exceed $3.32 billion. (Photo: Shutterstock)

A string of wildfires in California aggregated together have become the most damaging event on record in the state, according to this month’s Global Catastrophe Recap report from Impact Forecasting, Aon Benfield’s catastrophe model development team. 

Data from Californian fire protection organization, CalFire, indicated that nearly 9,300 structures were damaged, of which more than 8,560 were destroyed. The wildfires also killed at least 43 people and injured 185 others. 

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