Insurance cost of Waldo Canyon Fire increases to $453 million; Fire is 2nd most destructive in state

COLORADO SPRINGS, Colo. - The estimated cost of insured losses in the Waldo Canyon Fire has risen to $453.7 million.

The Rocky Mountain Insurance Information Association released the new estimate on Friday. The Waldo Canyon blaze in Colorado Springs last year was the most destructive fire in Colorado history until last week's Black Forest Fire destroyed even more homes.

Both the Black Forest Fire and the Waldo Canyon Fire are in El Paso County.

Property owners have as much as two years to file claims after wildfires. That's why the number has grown from the previous estimate of $352.6 million.

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