Wildfire
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Cal Fire says the blaze in central California has been 35% contained. -
The ratings agency predicts a potential retreat of certain E&S carriers.
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The ratings agency says lockdown measures could pump up the repair bill.
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The number of structures destroyed is closing in on levels recorded from some 2017-2018 fires.
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The blaze in northern California has so far burnt more than 350,000 acres and is 22% contained.
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Thousands have been forced to evacuate across northern and central California.
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Evacuation orders are in place across northern California, including for the 120,000-strong city of Healdsburg near Santa Rosa.
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Almost 350,000 acres burn in the Golden State as firefighters battle two major blazes west of Denver.
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The state has been under a “historic lightning siege”, a CalFire spokesperson told a press conference Wednesday.
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There are now 26 active incidents across the state due to heatwave conditions and sustained winds.
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The Lake Fire is now 38% contained, though 4,570 structures remain under threat.
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A fire tornado is formed when rising heat combines with turbulent wind conditions, creating towers of flame and ash.
