Property losses from Colorado flood projected at about $2 billion


  • World
  • Thursday, 19 Sep 2013

DENVER (Reuters) - Property losses from deadly flooding in Colorado will total nearly $2 billion (1 billion pounds), about half from housing and half from the commercial and government sectors, catastrophe modelling firm Eqecat said 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 centres.

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