Farmers Insurance reported it has received more than 4,000 claims from the Northern California wildfires to date at an estimated gross cost of $1.2 billion.
With reinsurance, the Los Angeles-based carrier estimates its incurred loss will be $140 million, and after both reinsurance and taxes, Farmers estimates that its net incurred loss will be $90 million.
Farmers catastrophe claims teams remain in the area to assist customers with their claims as they proceed with their recovery.
