Colorado Floods of 2013
1,000 Year Flood
“Biblical” – National Weather Service
Largest Loss Event in CSDSIP History
What Happened? Floods
were triggered by widespread torrential rain. Four to eight inches fell during a ten to twelve hour period due to a flow of extremely moist air from the southeast that pushed up against the Front Range (an “upslope rain event”)
Cold
air from the north pinned the moist air causing the storms to be stationary
What Happened? – cont. Overwhelming
amount of water for the creeks and streams to handle; new flows carved down the canyons
For
example, between Sept. 11 and Sept. 13, Boulder Creek near Longmont went from 500 cfs to 5,170 cfs
Who Was Affected?
Boulder Valley School District
St. Vrain Valley School District
Poudre School District
Denver Public Schools
Cherry Creek School District
Park School District
Windsor School District
Lone Star School District
“The Big 3”
CSDSIP and Members Mobilize
Week of Sept. 9-13 (Sept. 11-13)
Coverage Analysis (NFIP; erosion of CSDSIP layer)
Damage Path Analyzed
Telephone Calls to Members in Anticipated Damage Path
Advance Communications
Contact Numbers
Members Take Proactive Steps at Loss Mitigation
IA’s Locked Down and Mobilized
Key Partners Contacted
Excess Carrier Notified
Assignments Given
Initial Assessments and Reserves
Meetings – Meetings – and … Meetings!
Value Add Services Explored (FEMA Consultant)
Communication
Advance Payments
Claims Ongoing
How Much? $8
million storm? Probably will be $10-$12 million when final work/numbers in
NFIP
should erode entire $1 million CSDISP layer
Expenses
(less than $100k)
Questions? David Olson General Counsel Colorado School Districts Self Insurance Pool