James Monroe Capital Corp (JMON)

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Costly Crisis



90,000 square miles covered by federal disaster declaration (about the size of the United Kingdom)


555 water systems in Mississippi, 469 in Louisiana and 73 in Alabama affected


$125 billion or more in economic losses


$25 billion or more in insured property losses (compared with $20.1 billion after Sept. 11 attacks)


$40 billion-$60 billion in private insured losses


160,000 or more homes ruined in Louisiana


An estimated 360,000 mortgages, valued at $48 billion, affected


Sources: Risk Management Solutions, Environmental Protection Agency, Insurance Information Institute, Mortgage Bankers Association