California wildfire claims near $12bn says state

Claims stemming from the historic wildfires that swept
California last year have risen to more than $11.79bn, the state
said, and that excludes any related to mudslides that occurred
following the Thomas fire in the Los Angeles-Santa Barbara
area.
Those mudslides damaged or destroyed over 400 homes in areas
where the average home price is just over $1mn and are thought to
have caused more than $100mn in losses.
Earlier this week, Dave Jones, the Golden State insurance
commissioner, formally...