(Bloomberg) — California's flooding rains and heavy snows that killed at least 17 people have likely caused more than $30 billion in damages and economic losses, according to AccuWeather Inc.
The Pacific storms, known as atmospheric rivers, are estimated to have caused $31 billion to $34 billion of economic impacts through major flooding, widespread power outages, landslides, fallen trees and road closures, the commercial weather forecaster said.
"A substantial portion of the damage to homes and businesses occurred as a result of mudslides and landslides as well as water damage caused by the serious flooding," Accuweather said.
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