Insurers are expected to pay an estimated $120 million to home owners and businesses for insured-property losses from the Rodeo-Chediski Complex wildfire in Arizona, according to preliminary projections by the Insurance Services Office, Inc.’s (ISO) Property Claim Services (PCS) unit.
The wildfire, which raged over a vast swath of parkland during late June and early July, generated over 6,000 claims for damage to residential and commercial property and vehicles.
The fire destroyed an estimated 300 dwelling structures.
Topics Catastrophe Carriers Natural Disasters Profit Loss Wildfire Property
Was this article valuable?
Here are more articles you may enjoy.
Endless Shrimp Deal Was Scheme to Squeeze Red Lobster, Suit Says 
A Super Yacht Armada Came to Miami, Leaving a Marine Graveyard in Its Wake 
Camp Mystic, Where Texas Floods Killed 28, Files Bankruptcy 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
