Allstate Insurance: $315-335 million in So. Calif. Fire Losses


According to CNNMoney.com

“Allstate Corp. said late Tuesday it has received more than 7,000 claims from the Southern California wildfires in October, resulting in roughly $315 million to $335 million in wildfire-related catastrophe losses to be recorded in fourth quarter.”

I wonder if this will motivate the insurance companies to work with homeowners to make their property more resistant to wildland fires?