An exact accounting might be a year away, but the insurance industry is projecting payments for the Waldo Canyon blaze will be the most ever for a Colorado wildfire.
So far, the fire has destroyed 347 homes, and threatened more than 10,000 other structures. The roughly 18,000-acre wildfire started June 23, is about 70 percent contained and has cost more than $11 million to suppress.
Within the next year, the claims for insurance will roll in, and some expect costs to be in the hundreds of millions of dollars.
"We do not yet have an estimate," said Carole Walker of the Rocky Mountain Insurance Information Association. "The Waldo Canyon Fire is certainly the most destructive wildfire in the state's history, in the sheer number of homes and the fact that most of them are in a suburban area."
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