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The residents of Colorado have had a rough 2012. In April it was announced that 98% of the state was facing drought conditions, which raised crop prices and, even worse, set the stage for what would become one of the worst wildfires in Colorado history.

The High Park Fire in Larimer County and the Waldo Canyon Fire in Colorado Springs have caused insured damage of $450 million with expectations that the number will grow significantly since the claims process has just begun. This figure is double the $224 million logged during the Fourmile fire west of Boulder in 2010, which was considered the state’s most costly. As of July 3rd, all but two Colorado counties had been deemed disaster areas.

Courtesy:   http://www.riskmanagementmonitor.com/insurance-claims-from-colorado-wildfires-at-450-million-and-growing/
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