Headline
Billion-Dollar Flood Has Louisiana Reeling
United States
The federal government has declared the event a major disaster in four parishes: Tangipahoa, St. Helena, East Baton Rouge and Livingston. According to the insurance broker Aon Benfield, “The major flood and thunderstorm event that impacted parts of Louisiana, Texas, and Arkansas during March 2016 caused roughly USD1.5 billion in economic damage. It is currently anticipated that the August 2016 event will approach and possibly exceed this cost once all damage incurred to homes, businesses, public facilities, vehicles, infrastructure, and agriculture is taken into account"
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