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California lawmakers are attempting to improve natural disaster preparedness and response

January 26, 2018January 24, 2018 Marc

california natural disaster preparedness insurance hollywood los angeles

The state has been plagued by different types of catastrophe over the last few months. The catastrophes in California over the last few months have been fatal to dozens of people, spurring natural disaster preparedness efforts among state lawmakers. Emergencies have been widespread and frequent, revealing a need to improve readiness and response strategies. Governor Jerry Brown and state lawmakers are seeking to change state regulations to improve disaster response. The various factors to be included in the state national disaster preparedness changes will include the emergency alert systems, insurance…

California mudslide expected to generate tens of millions in insured losses

January 15, 2018January 13, 2018 G. Turner

A new Aon Benfield report indicated that insurance companies are bracing for sizeable claims from the devastation. Aon Benfield’s Impact Forecasting unit released a report predicting that the California mudslide brought on by heavy rains following massive wildfires in the region will generate widespread losses. Overall, the report predicts an economic loss above $100 million. That said, the insured losses will be within the tens of millions. The areas hardest hit by the mudslides are the cities of Carpinteria and Montecito. Parts of areas surrounding those cities had already been…