California wildfire estimates range up to $2b in insured loss.The total insured loss from wildfires that ravaged rav·age v. rav·aged, rav·ag·ing, rav·ages v.tr. 1. To bring heavy destruction on; devastate: A tornado ravaged the town. 2. large swaths of Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, from the Mexican border to north of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. recently could reach $2 billion, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Insurance Information Network of California. Through Nov. 6, IINC IINC Insurance Information Network of California has confirmed 7,260 claims of all types stemming from the fires, IINC Executive Director Candysse Miller said. "It's mostly homeowners, though it's a very eclectic mix of properties, from some very high-end homes to smaller vacation cabins to what we'd think of as more traditional homes," Miller said. "There are some mini-malls and some mom-and-pop type businesses that have been affected, but in general, it's probably safe to say the commercial exposure will be fairly small." While cautioning that not enough information had been gathered about either damages or insured exposure to construct an accurate projection, Miller said her organization, along with both Insurance Services Office Insurance Services Office, Inc. (ISO) is a provider of data, underwriting, risk management and legal/regulatory services to property-casualty insurers and other clients. Headquartered in Jersey City, New Jersey, the organization serves clients with offices throughout the United Inc. and the Insurance Information Institute, was looking at $2 billion as a "ceiling" for the total exposure. If reached, it would make these fires the most destructive in U.S. history, surpassing the 1991 Oakland Hills Oakland Hills is a common informal name for that section of the Berkeley Hills which extends along the eastern side of Oakland, California. In recent decades, it has become the more common popular term although it remains "officially" incorrect among geographers and gazetteers. fires that destroyed 2,900 homes with an insured cost of $1.7 billion.
Previous Large California Fires And Associated Insured Losses
Number of Insured
Fire Date Structures Lost Loss (US$)
Oakland Hills October 1991 2,900 1.7 Billion
Laguna October 1993 441 350 Million
Topanga-Malibu November 1993 323 375 Million
Santa Barbara June 1990 641 265 Million
Bel Air November 1961 484 Unavailable
Panorama November 1980 325 43 Million
Note: Loss amounts have not been adjusted for inflation
Source: Insurance Information Network of California.
Top 5 Homeowners
Writers, California--2002
Group market share rankings are
based on direct premiums written.
State Farm Group 23.32%
Zurich/Farmers Group 19.32%
Allstate Insurance Group 13.91%
California State Auto Group 5.00%
USAA Group 4.19%
Source: A.M. Best State/Line data
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