Oct 15, 2015 11:39 AM by News Staff
SACRAMENTO, Calif. (AP) - The massive Butte and Valley fires in Northern California last month are among the costliest California has ever seen, costing nearly $2 billion in combined damages.
The Sacramento Bee reports that a report by insurance company Aon Benfield found the Valley fire in Lake, Sonoma and Napa counties caused at least $1.5 billion in damage. Damage in Calaveras and Amador counties from the Butte fire was estimated to cost $450 million.
The report shows about $925 million of the Valley fire damage is covered by insurance, making it the fifth-worst wildfire insurance disaster in state history.
Combined, the fires burned more than 200 square miles and killed six people.
The Oakland Hills fire of 1991 was the most expensive fire in California, with damage covered by insurance costing $2.67 billion when adjusted for inflation.
Information from: The Sacramento Bee, http://www.sacbee.com
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