Study: 1927 Mississippi Flood Would Cost Up To $160 Billion
Friday, May 18th, 2007 Catastrophe PropertyA repeat of the 1927 Great Mississippi Flood, the largest flood disaster in U.S. history, could cost up to $160 billion in economic damages if it were to recur today, according to Risk Management Solutions, a Newark, Calif.-based catastrophe risk analysis company. A new study by RMS, published on the 80th anniversary of the Mississippi Flood, shows that in a repeat of this flood today, the losses would be between $130 billion and $160 billion. Almost two-thirds of the total would be a result of residential damage, with another third from damage to commercial and industrial properties.
External References & Further Reading
http://www.insurancejournal.com/news/national/2007/05/18/79826.htm
