Two wildfires that scorched nearly 150,000 acres in Northern California last fall were estimated to cost $1 billion in insurance losses.
The California Department of Insurance reported the steep price tag of the Valley and Butte fires in a statement on Monday.
The agency says that the Valley Fire is the third most destructive wildfire in state history based on total structures burned — destroying nearly 2,000 structures in Lake, Napa and Sonoma counties and costing about $700 million in insurance losses.
The Butte Fire, on the other hand, is the seventh most damaging fire with a little more than 800 structures destroyed in Amador and Calaveras counties and approximately $300 million in insurance losses.
The $1 billion cost doesn’t include damages to community infrastructures and utilities.