Estimates So Far Have CA Wildfires in So CA Reaching $500 Million

The Insurance Information Network of California reported Tuesday that the wildfires raging throughout Southern California have resulted in 1,760 insurance claims.

Published on October 24, 2007

More than 1,100 structures have been destroyed in the fires. By the time the wildfires are extinguished, insurance claims could reach $500 million, according to the nonprofit insurance information group.

The 1991 Oakland Hills fire remains the state's most destructive brush fire, destroying 2,900 homes and resulting in $1.7 billion in insurance claims.

"We're not yet done with these very unpredictable fires, which will clearly cost hundreds of millions of dollars, and are likely to reach at least $500 million in insured losses," said Candysse Miller, the network's executive director.