Two Colorado wildfires near Fort Collins and Colorado Springs this year burned more than 600 homes and caused almost $450 million in insured residential damage, according to preliminary estimates, says the Rocky Mountain Insurance Information Association.
Estimated insured losses total $352.6 million for the Waldo Canyon Fire near Colorado Springs, making it the state's most expensive wildfire. About 4,300 insurance claims stemming from that fire have been filed so far. Officials estimate 346 home were destroyed.
The High Park fire near Fort Collins burned 259 homes. Almost 850 insurance claims have been filed so far totaling $97.1 million in insured losses.
The estimates do not include commercial losses.
The 2010 Fourmile Canyon Fire near Boulder had been the state's most costly wildfire, with an estimated $224 million in insured damage, when adjusted for inflation in today's dollars.
"The 2012 Wildfire Season is a heartbreaking reminder to Coloradans that the wildfire threat is very real in our state and can exact a price that is both personally devastating and costly in terms of insurance damage," Carole Walker, executive director of the association, said in a press statement. "Insurance catastrophe adjusters have been on the ground in our state since early June, and the industry is prepared to help impacted residents recover and communities rebuild."