INSURERS EYE $120M PRICE TAG IN ARIZ

Insurers are expected to pay an estimated $120 million to home owners and businesses for insured-property losses from the Rodeo-Chediski Complex wildfire in Arizona, according to preliminary projections by the Insurance Services Office Inc.’s (ISO) Property Claim Services (PCS) unit.

The wildfire, which raged over a vast swath of parkland during late June and early July, generated over 6,000 claims for damage to residential and commercial property and vehicles. The fire destroyed an estimated 300 dwelling structures.