Colorado Flooding Claims Lives, Destroys Homes

Update: On September 19, U.S. News released a report titled Number of Missing in Colorado Floods Drops; Property Loss Soars.

Number of missing in Colorado floods drops; property loss soars

The number of people unaccounted for from Colorado's devastating flooding has fallen dramatically as rescuers reach stranded victims, and electricity and phone services are restored to ravaged areas, allowing residents to contact family, friends or authorities.

But some of the stranded are refusing to leave their homes, prompting crews to show them photos of the surrounding destruction amid warnings that they could be cut off from essential services for several weeks.

Jennifer Hillmann, a spokeswoman for the Larimer County Sheriff's Office north of Boulder, said Wednesday that widespread airlifts have given way to "pinpoint" rescues and door-to-door searches.

Meanwhile, property losses will total nearly $2 billion, about half from housing and half from the commercial and government sectors, catastrophe modeling firm Eqecat said on Wednesday in the first comprehensive estimate of the disaster's economic toll.

State and county emergency management officials have hardly begun to prepare actual damage assessments from flooding that has ravaged thousands of homes and killed at least six people in a disaster zone in and around Colorado's biggest urban centers.

The projected losses for residential property alone are about $900 million. Most of the overall losses are uninsured, the firm said.

The tally for residential losses includes damaged or destroyed housing, as well as lost furnishings and belongings and costs incurred by displaced residents to live elsewhere until their dwellings are repaired or replaced, Eqecat said.

To view the online news report in its entirety, please click here.

On September 11, torrential rains commenced and continued for several days, affecting several counties near Boulder, Colorado (ZIP codes 80301, 80302, 80303, 80304, and 80305), which led to severe flooding, mudslides, and landslides.  As a result, fatalities have been reported and hundreds of people are still unaccounted for.  Additionally, thousands of homes have been severely damaged or destroyed.

Please click here for FEMA related information.

Please follow the links for related media:
9/17 Colorado flood: New numbers released for unaccounted-for people
9/16 Seven confirmed dead; 1500 homes destroyed in Colorado floods
9/16 Historic Flooding Across Colorado
9/16  More than 1,000 unaccounted for in deadly Colo. floods
9/13 More heavy rain looms in flood-stricken Colorado; 4 now confirmed dead



About Safeguard 
Safeguard Properties is the largest mortgage field services company in the U.S. Founded in 1990 by Robert Klein and based in Valley View, Ohio, the company inspects and maintains defaulted and foreclosed properties for mortgage servicers, lenders,  and other financial institutions. Safeguard employs approximately 1,700 people, in addition to a network of thousands of contractors nationally. Website: www.safeguardproperties.com.

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