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Camp Fire is now the most destructive wildfire in US history


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California Fires Cause Record-Setting Damage

The wildfires north of San Francisco and close to L.A. have devastated the Golden State—at least 25 people have died, and 250,000 people have been forced to evacuate.

In Northern California...the so-called Camp Fire is now the most destructive wildfire in the state's history (in terms of property damage).

  • Utilities under scrutiny: Power lines and faulty equipment have historically been blamed for sparking wildfires in California, per CNBC.
  • PG&E—which was linked to 16 fires last year—wrote in a regulatory filing Friday that a transmission line near the fire's origin experienced an outage just 20 minutes before the first fire was reported. Shares fell 16.5%.

And in Southern California...the fire has burned 35,000 acres, more than double the size of Manhattan. It 2x'ed in size Sunday morning.

A worrying trend, per an Aon meteorologist:

aon-insurance.png

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