Mudslide Losses Top $421 Million in Hard-Hit California Town
LOS ANGELES (AP) — More than $421 million in claims have been filed since deadly mudslides tore through the coastal community of Montecito during extremely heavy January rains, California's insurance commissioner said Monday.
Insurers have received more than 2,000 claims for residential and commercial losses, commissioner Dave Jones announced. Those include $388 million for residential personal property, $27.2 million for commercial property and $6.7 million for auto and other lines of insurance.
Recently burned by California's largest recorded wildfire, the hillsides of Montecito northwest of Los Angeles could not absorb the rainstorm with an epic downpour of nearly an inch (2.5 centimeters) in 15 minutes early on Jan. 9.