Vermont Flood Losses Could Total Hundreds of Millions of Dollars

Economic losses from catastrophic flooding across Vermont earlier this week could reach into the hundreds of millions of dollars or higher, Aon PLC said in a report Friday.

The flooding began July 10 following several days of repetitive shower and thunderstorm activity that led to multiple flash flooding events from the mid-Atlantic region to New England.

Rainfall totals and flood levels in Vermont were comparable to the flooding caused by tropical storm Irene in 2011.

Peak rainfall rates of two to four inches per hour centered over Vermont, producing historic rainfall totals.