Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018
Property insurers face confusion around Californian mudslides
- 7 February 2018
A ramping up of rhetoric from the local regulator, pending lawsuits and prospective legislation are combining to complicate the question of which firms will pay claims related to December's Californian mudslides.
As previously reported by this publication, the mudslides - which occurred when heavy rains hit an area of California devastated by the Thomas wildfire - are estimated to have caused around $10mn of insured damage, according to Aon Benfield.
Last week, the Golden State's insurance commissioner Dave Jones declared...
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