California Insurers Wary Of “Significant Risk” From Oroville Dam

The next rainy season is only months away and the California insurance industry faces a “significant risk” from the Oroville Dam and its damaged spillway. Experts are cautioning the industry, residents of the region and pretty much anyone else who will listen about that the next time the waters rise could end far worse than the last time. Raging waters last month caused America’s tallest dam to experience critical damage. That damage has yet to be repaired and experts are warning the California insurance industry that time is running out. The damage is extensive, meaning that the necessary repairs will take time to complete.