Recent California flooding losses up to $1.5bn, says Moody’s RMS

Total US economic losses from the California flooding at the end of last year are estimated at $5bn-$7bn, with insured losses between $0.5bn-$1.5bn, according to catastrophe risk modelling firm Moody’s RMS.

This includes losses to the National Flood Insurance Program (NFIP) and the private flood ...

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