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Senior finance executives discuss the most relevant topics for chief financial offiers in Mexico and the Latin America.

Of the eight Southern California counties that were under a state of emergency during the most recent storm, only 52,820 homes and businesses were covered by flood policies.

Homes once prized for hillside views and apartment complexes on low-lying urban streets are both increasingly under threat from severe flooding, mudslides and heavy winds, but insurance to protect against disaster can be impossible to obtain.

Standard homeowners insurance doesn't cover flooding and most Californians aren't sufficiently protected, experts say.

"Ninety percent of the employees that work for Ed are recovering drug addicts, such as myself," he revealed.