Insurance companies have so far paid out more than $12 billion for losses from the two biggest of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes in January.
California Insurance Commissioner Ricardo Lara on Wednesday announced new figures as part of an update of the public consumer claims tracking system for the fires. The new figures are nearly double the $6.9 billion in claims paid out last month.
The bulk of yet-to-be-paid claims include property damage and debris removal, which will be paid when people begin the