California Mudslide Insurance Losses Exceed $421M

A series of deadly mudslides along Southern California’s coast in January caused more than $421 million insured losses, the state’s insurance commissioner said on Monday. Insurers received more than 2,000 claims, including 1,415 for homes that were partially damaged and 107 for homes that were totally destroyed, said California Insurance Commissioner Dave Jones during a media presentation. The fast-moving mudslides, which struck in Santa Barbara County and killed 21 people, also triggered 240 claims for commercial property losses and 315 for personal and commercial auto insurance losses, Jones said.