Insured losses from California wildfires top $3 billion

Insured losses from wildfires raging through the US state of California in October have hit $3 billion, the state's insurance department said.

"As shocking as $3 billion in insured losses are, the number is sure to grow, as more claims are coming," Xinhua news agency quoted Insurance Commissioner Dave Jones as saying.

The figure has increased thrice in just two weeks and is expected to climb higher.

As of Sunday, the California Department of Insurance's consumer services team has provided aid to 1,163 individuals across the state.

--IANS

amit/mr