Insurance industry estimates damage of Black Forest Fire at $300 million

Colorado homeowners insurance industry wildfires

Insurance industry suffers fresh blow from Black Forest Fire A major wildfire has caused significant damage in Colorado. The disaster is being called the Black Forest Fire and was first sparked on June 11. The fire lasted until June 20 and is being considered the worst wildfire in the state’s history. The insurance industry has been working to assess the damage caused by the disaster since the fire had been effectively contained. This week, the Rocky Mountain Insurance Information Association has released a preliminary assessment of the damage caused by…

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Colorado Wildfire Doubles in Size; Thousands Are Evacuated

According to catastrophe modeling firm AIR Worldwide, earlier this week, wildfires-exacerbated by unseasonably warm temperatures and windy conditions- broke out in the forested terrain of southern Colorado. In fact, Colorado Springs hit 98° on June 10, setting a record for this early in the year. According to the El Paso County Sheriff’s office, as of June 14, 2013, at least four wildfires are currently active across the state. “The largest of the blazes, the Black Forest fire, doubled in size from Wednesday to Thursday, growing to 15,700 acres (25 square…

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