Moody’s Investors Service estimates that 2020 is already the third-highest year for California insured wildfire losses, after 2018 and 2017, with insured losses of nearly $5 billion. In a report, Moody’s said wildfires in California, Oregon, Washington and other western states damaged or destroyed about 9,657 homes and commercial structures and burned more than 5… Continue reading Western Wildfires Burn through P/C Insurers’ Funds, Moody’s Reports
Tag: western wildfires
Western Wildfires Kill at Least 15, Destroy Millions of Acres
Wildfires across the West Coast engulfed millions of acres of land, killing at least 15 people by Friday, as dozens of large blazes shattered records in the region. Fueled by high winds and dry conditions, fires in Oregon, California and Washington state have destroyed homes and forced last-minute evacuations of thousands of residents amid the… Continue reading Western Wildfires Kill at Least 15, Destroy Millions of Acres