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Property Losses from Colorado Flood Projected Near $2B

Property losses from deadly flooding in Colorado will total nearly $2 billion, about half from housing and half from the commercial and government sectors, catastrophe modeling firm Eqecat said.

By Keith Coffman, Reuters | Updated on September 19, 2013

Property losses from deadly flooding in Colorado will total nearly $2 billion, about half from housing and half from the commercial and government sectors, catastrophe modeling firm Eqecatsaid on Wednesday in the first comprehensive estimate of the disaster’s economic toll.

State and county emergency management officials have hardly begun to prepare actual damage assessments from flooding that has ravaged thousands of homes and killed at least eight people in a disaster zone in and around Colorado’s biggest urban centers.

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