blog

This past Tuesday, the University of Iowa’s risk management professionals, along with FM Global, the university's main insurance carrier, compiled new assessment figures of the flood damage done to the campus. While the original cost of damages was estimated to be around $75 million, it is now estimated to be at $231.75 million. The estimate includes damages to buildings, property, debris removal, emergency protection measures, and miscellaneous expenses. There is no word as of now whether these expenses will lead to an increase of tuition and fees, but the school will almost certainly face fiscal difficulties funding the reconstruction efforts.

More from the Daily Iowan
More from the Associated Press