California's 'Camp Fire' Named 2018's Most Expensive <br />Global Catastrophe This is according to Munich Re, <br />one of the world’s leading reinsurers. The German company analyzes the loss caused by natural global disasters every year. Munich Re adds that <br />Hurricane Michael, which also <br />occurred in the U.S., was the <br />second costliest disaster. According to its data, the "Camp Fire" was<br /> responsible for over $16.5 billion in damages. Munich Re, <br />via statement The fire left 86 people dead, spread through around 150,000 acres and destroyed the northern California town of Paradise. It is has been called the <br />most destructive fire in the state's history.
