PIFC Updates Member Co. Claims from Shasta Fires

September 1, 2004

The Personal Insurance Federation of California (PIFC), an insurance trade association representing insurers that write approximately 50 percent of insured homes in California, reported on the losses being handled by its members following the now-contained Shasta area fires.

“The 10,400-acre Bear Fire destroyed 80 homes, 30 outbuildings and 10 vehicles in the hills south of Shasta Lake, about 140 miles northwest of Sacramento. Another 9,000 acres burned resulting in the destruction of 22 homes and two commercial buildings in the historic mining town of French Gulch, 19 miles west of Redding” explained Dan Dunmoyer, president of PIFC. “Here is a breakdown of the claims being handled by our member companies:”

State Farm reports as of today, claims representatives from its Chico office are working with 16 policyholders in the Bear Fire area. Seven of those policyholders have total residence losses; six have reported partial losses; and one has reported a partial loss to a boat.

State Farm company officials also report one total residential loss in the French Gulch Fire; two partial losses; and two partial loss auto claims.

In addition, State Farm officials reported that adverse weather has resulted in approximately 60 claims from the Victorville/Apple Valley areas. Additional claims over the next several days are also expected.

Farmers Insurance Group reports it has an estimated $2.9 million in losses (all coverages). The company reports ten residential total loss claims and 25 other claims such as smoke damage, partial damage or vehicle claims. Claims adjusters and company personnel are at the scene working with Farmers policyholders. As of Aug. 30, Safeco has not received any claims from the Shasta fires.

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