Global Disasters/ Significant Events – September 19, 2013
Posted by feww on September 19, 2013
The clock continues ticking …
Losses from deadly flooding in Colorado estimated at $2 billion
Total cost of property losses from deadly flooding in Colorado is estimated at about $2 billion, according to the catastrophe modeling company Eqecat, said a report.
The projected losses for residential property are estimated at about $900 million, while “$1 billion is attributed to losses projected for commercial and government property, including roads and bridges, Eqecat senior vice president Tom Larsen told Reuters.”
The disaster zone encompasses 17 Colorado counties, as the historic deluge, called a 500-to-1,000-year flood, destroyed or damaged ten of thousands of properties.
The full extent of property losses and damage in Boulder County has not yet been revealed.
Eqecat’s initial estimate of $20 billion in total economic losses from Superstorm Sandy in 2012 was later revised up to $50 billion (!)
FIRE-EARTH models show the total cost of Colorado disaster could reach $8 – $10billion.
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Other Global Disasters/ Significant Events
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dc said
feww said
Probably!