Following the California wildfires in January 2025, USAA anticipates paying out $1.8 billion in claims, having received over 3,500 claims by February 5, 2025, with 86% of claimants receiving initial payments. The devastation in California is expected to have nationwide repercussions, leading insurers in the state to report record losses, potentially resulting in increased premiums and reduced coverage in other high-risk areas.