As the Insurance Journal reported:
The Mississippi state suffered a lot in 2011 when the great flood occurred and provoked a lot of damages in the area. The total cost of the damages is about $2.8 billion. More than 43,000 people were effected. At about 21,000 homes and 1.2 million acres of agricultural land were affected.
The levee or floodwall systems couldn’t keep the volume of the water and were damaged too. The floodways at Birds in Illinois, the Morganza Floodway and Bonnet Carre Spillway were opened to relieve the stress on the system as the water pressure was too dangerous. The corps spent nearly $60 million to fight with the flood during the pretty long period - from March to August.
So, the insurance companies had a lot of work to do as the number of claims was really astounding.
As Insurance Journal reported:
An interesting case came to the South Carolina court. An Army sergeant has filed a federal lawsuit accusing a mortgage company of not obeying a law that requires limits for active-duty members of the military. Raymond Wray wants his rights to be protected: