(Reuters) -British insurer Lancashire Holdings said on Thursday it expects losses of between $145 million and $165 million related to the California wildfires. The ring of wildfires that devastated Los Angeles in January is expected to hit insurers with estimated losses as high as $20 billion,

With a potentially dangerous storm bearing down on the Southern California, evacuation warnings will take effect in multiple areas Thursday amid fears that steady downpours could spark flooding, mudslides and debris flows.