Insured losses of Louisiana floods to cost at least $8.5bn, says AIR Worldwide
According to catastrophe modeling experts AIR Worldwide the recent devastating flooding in Louisiana will cost the industry between $8.5bn (£6.1bn) and $11bn.
The damage is a result of flooding caused by over 20 inches of of rainfall in August causing extensive property damage to over 140,000 houses and businesses; 13 people died in the worst US natural
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