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Property losses from Colorado floods to run nearly $2 billion: Eqecat

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(Globalpost/GlobalPost)

DENVER (Reuters) - The disaster modeling firm Eqecat has estimated that total losses in residential property damage and living expenses from the recent floods in Colorado will run about $900 million, with commercial and government property losses expected to hit $1 billion.

The Oakland, California-based company said residential property losses alone amount to more than $200 for each person who lives in the 17 flood-stricken counties of Colorado, based on 2012 census data, and that most of those costs are uninsured.

(Reporting by Steve Gorman in Los Angeles and Keith Coffman in Denver; Writing by Steve Gorman; Editing by Cynthia Johnston)

http://www.globalpost.com/dispatch/news/thomson-reuters/130918/property-losses-colorado-floods-run-nearly-2-billion-eqecat