Moody’s RMS pegs insured California flood losses at $500mn-$1.5bn

25 January 2023

RMS catastrophe events split screen.jpg

Moody’s RMS has estimated that the floods which struck California earlier this month have caused between $500mn and $1.5bn in insured losses.

The flooding affected millions of people in the Golden State, leading to widespread evacuations, power outages and property damage.

The

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Topics

News Major losses

Rachel Dalton

Lead Reporter