Up to $19B in Property Damage From California Fires
November 27, 2018
The combined devastation brought by California’s Camp and Woolsey Fires resulted in up to $19 billion in property damage, according to new data from CoreLogic.
The Camp Fire, which was the most destructive wildfire in California history, created between $11 billion and $13 billion. The total losses from the Woolsey Fire in Southern California were estimated between $4 billion to $6 billion. CoreLogic analyzed residential and commercial properties and estimated losses to include costs related to fire, smoke, demand surge and debris removal.
“These wildfires have been a personal and financial tragedy for many families,” said Tom Larsen, Principal of CoreLogic Industry Solutions. “The proper estimation of the value of a home is critical because often in situations of wildfire, the home is completely lost. A deficient valuation can lead to a situation where homeowners have inadequate funding to replace their home.”
FMJ Job Listings
- Loan Review/Documentation Specialist - DHG-CRM - Raleigh, NC
- Mortgage Loan Underwriter - Tulsa Federal Credit Union - Tulsa, OK
- Retail Personal Banker Associate I-Shelby - Fifth Third Bank - BRIGHTON, MI
- Mortgage Loan Originator - Fifth Third Bank - GEORGETOWN, KY
- Financial Center Manager Associate - 222 South Riverside Plaza Chicago IL - Fifth Third Bank - Chicago, IL
- CRA Loan Specialist - Fifth Third Bank - Southfield, MI