An insurance catastrophe as defined by PCS is “one which impacts a significant number of policyholders-in the thousands and also has a minimum threshold of a $25 million insured loss.”
Although severe the extent of damage done by the Sawtooth fire; “totally destroyed 50 homes, eight mobile homes, 13 garages, 171 outbuildings, 191 cars and pickup trucks, three recreational vehicles, 27 trailers, two railcars and nine tractors” is not considered a catastrophe.
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