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…
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California landslides cause millions in damage to celebrity homes
Demi Lovato’s new Los Angeles house was rendered unfit for occupancy before she ever moved in. California landslides have been wreaking havoc for homeowners, including certain top celebs. The massive downpours have been desperately needed by the state. Droughts and wildfires have plagued Californians. That said, as the dry land is quenched some areas have become unstable. The pop singer had yet to move into her new $8.3 million home when it was struck by a mudslide. Twenty four year old Levato’s home is in the Laurel Canyon neighborhood. Before…
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