California slide losses may top $100mn: Aon Benfield

Mudslides created by torrential rainfall on burned-over, bone
dry hillsides along the Southern California coast between Santa
Barbara and Los Angeles produced losses that will likely rise above
$100mn, Aon Benfield said late Thursday.
A slide in Montecito near Santa Barbara caused at least 17
deaths as it destroyed or damaged over 500 residences, Aon Benfield
said in its latest Impact Forecasting report, adding that at least
eight commercial buildings were also destroyed. Local reports
indicate