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Tue July 16, 2013
Insurance Estimates Near $300 Million for Black Forest Fire
Preliminary estimates show insurance companies will pay almost $300 million dollars to homeowners affected by the Black Forest Fire. About 3,600 auto and homeowner insurance claims have been filed since the June wildfire, according to the Rocky Mountain Insurance Information Association. But Executive Director Carole Walker expects that number will grow.
“People have most times up to a year or more to file claims. So we will continue to see claims to come in and certainly insured losses continue to go up.”
Despite being the most destructive wildfire in state history, today’s estimate makes the Black Forest Fire the second most expensive. It’s exceeded by last year’s Waldo Canyon Fire.