Fac losses unlikely from Colorado wildfires
Despite being one of the most destructive wildfire outbreaks in Colorado's history, the 18,000-acre conflagration that began in late June is unlikely to hit facultative reinsurers, say industry sources.
One blaze, dubbed the Waldo Canyon fire, near the state's second-largest city, Colorado Springs, has destroyed 346 homes so far.
Colorado newspaper The Denver Post estimated the combined market value of the destroyed homes at over $110mn, based on analysis of El Paso County assessor records.
And a second fire near...
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