Colorado floods: Costly and often uninsured

CNN: The recent severe floods in Colorado could end up costing homeowners, businesses and local governments nearly $2 billion, according to Eqecat, a firm that conducts loss estimates for the insurance industry. But unlike many other natural disasters, the firm and an insurance trade group agree that a high percentage of the losses will not be covered by insurance. Eqecat estimates that the storm cost homeowners about $900 million in both damage and expenses associated with evacuations. Businesses......

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