CoreLogic has released its estimates for residential and commercial flood and wind losses resulting from Hurricane Barry – and the figures are sobering.
According to the analytics firm’s data analysis, flood loss for residential and commercial properties in Louisiana is estimated to be between US$200 million and US$400 million, including both storm surge and inland flooding. Insured losses from private insurance companies are projected at less than US$100 million. Wind losses are estimated to be around $300 million to $500 million.
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