Allstate said the wildfires blazed through Southern California last month will bring the insurance company a sizable loss – $1.1 billion.

California utility company Southern California Edison on Thursday said its equipment “may be associated with” the ignition of the Hurst Fire, which burned alongside the Eaton and Palisades fires during January’s Los Angeles firestorms.

The economic toll from the California wildfires is just starting to become clear. Allstate is the latest insurer out with numbers. The insurance company says it will pay out $1.1 billion in insured claims.

Allstate insurance said it expects a $1.1 billion loss from claims caused by the wildfires that swept through Southern California in January