California wildfire losses estimates increased to $1 billion

Insured loss figures from the Southern California wildfires seem to be creeping up, even while insurance industry analysts say it’s too early to tell the extent of the losses. According to National Interagency Coordination Center, 1,514 structures throughout the region have been lost to fires, at least 650 of which are due to the Witch Fire burning 1 mile north of San Ramon in San Diego County. That fire had burned 196,240 acres and was 20 percent contained as of press time.