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Losses from California Wildfires To Cost $9-13 Billion

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Losses from California Wildfires To Cost $9-13 Billion

Losses from California Wildfires To Cost $9-13 Billion

A house destroyed by the Camp Fire is seen in Paradise, California, U.S., November 17, 2018.

REUTERS/Terray Sylvester (Reuters) - Risk modeling firm RMS said on Monday that it estimated insured losses from the Camp and Woolsey wildfires, which ravaged California, between $9 billion and $13 billion.

Besides the toll on human life, property losses from the Camp Fire that tore through the mountain town of Paradise make it the most destructive in California history, posing the additional challenge of providing long-term shelter for several thousands of displaced residents.

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