MALIBU ( — A member of one of Malibu’s founding families died Tuesday in a hot air balloon accident in Switzerland.

Grant Adamson, 55, died when the balloon plummeted 165 feet after striking an electric power line when the pilot attempted to land it land around 8:30 a.m. near the Swiss town of Montbovon, according to Swiss media reports.

READ MORE: Gunman Barricaded In RV In South LA After Shooting

According to reports, Adamson’s wife, Terry, and their two daughters, who are in their 20s, suffered life-threatening injuries in the accident.

READ MORE: Hollywood Museum Reopens Wednesday

The 65-year-old balloon pilot was seriously injured as well.

No further details were released.

MORE NEWS: Spirit Airlines’ Massive Flight Cancellation Debacle Enters Fourth Day

(©2013 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report.)