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.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
