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Lloyd’s has issued a flood risk analysis of California’s Central Valley, which is home to 6.9 million people and $1 trillion of insurable assets. Although the Central Valley and much of California remain in the throes of a multi-year drought, record rainfall in July is a reminder that flooding remains a significant natural peril in the region.

The report, written in partnership with JBA Consulting, an environmental and engineering consultancy, estimates the potential exposure at risk for a 1-in-100-year flood in the Central Valley region of California by analyzing exposure data against a global flood map. Experts predict the implications of such a catastrophe, excluding demand surge or business interruption losses, could potentially result in $24.1 billion of damage to floodplain assets.

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