Colorado’s Historic Wildfire Season Could Cost ‘Hundreds of Millions’

Insured losses from two wildfires in what’s shaping up to be a historic wildfire season for Colorado may be into the “hundreds of millions of dollars,” an insurance industry association executive said on Monday. The Waldo Canyon Fire near Colorado Springs, which started on June 23 and is now 55 percent contained, is the most destructive in Colorado history with 346 homes lost. The High Park Fire, which raged throughout much of June, is 100 percent contained, though it continues to smolder. It’s estimated 259 homes were lost in...

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