If the deadly 1927 Great Mississippi Flood were to recur today, its economic destruction could hit $160 billion, a catastrophe modeling firm projects.
The study, conducted Newark, Calif.-based Risk Management Solutions and published on the 80th anniversary of the largest flood disaster in U.S. history, estimates that the losses would be between $130 and $160 billion.
According to the firm, almost two-thirds of this total would be a result of residential damage, and the other third would result from damage to commercial and industrial properties. While there would be some damage to all the states along the lower Mississippi River, Louisiana would sustain nearly 40 percent of the total loss.
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