Santa Barbara Fire to Cost in Excess of $130 Million

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According to several reports, the cost of the Santa Barbara fire that burned over 8,000 acres and destroyed close to 80 residential homes may exceed $130 million dollars representatives from First American Spatial Solutions (FASS) said. 

While the amount of the loss appears to be large, it could have been worse given the large geographic exposure, the large population and the magnitude of the fire. 

Representative from FASS estimates that it values the average property damage to be approximately $1.2 million per property. 

for more information:  https://www.reinsurancemagazine.com/public/showPage.html?page=reinsurance_breakingnews_story&tempPageName=858594

By Paul Steck

https://www.goldbergsegalla.com/attorneys/Steck.html