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25 April 2018

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California slide losses may top $100mn: Aon Benfield

Ted Bunker 12 January 2018

Mudslides created by torrential rainfall on burned-over, bone dry hillsides along the Southern California coast between Santa Barbara and Los Angeles produced losses that will likely rise above $100mn, Aon Benfield said late Thursday.

A slide in Montecito near Santa Barbara caused at least 17 deaths as it destroyed or damaged over 500 residences, Aon Benfield said in its latest Impact Forecasting report, adding that at least eight commercial buildings were also destroyed. Local reports indicate at least eight people...

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