EQECAT: Colorado Floods $2B in Economic Losses and Climbing

By | September 20, 2013

  • September 23, 2013 at 3:06 pm
    Tom says:
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    “According to the Federal Emergency Management Agency, about 22,000 Colorado homeowners have flood insurance policies. With 2.2 million housing units in Colorado, according to Census figures, that means about 1 percent of the State‚Äôs residences have flood coverage.”
    Is this saying that only 1% of the properties in this effected area had a loan tied to a federal agency??? Or are the lending institutions going to be on the hook for not reviewing their loan portfolio(s) and requiring this flood insurance coverage?

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