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South Carolina Tourism Lost $35 Million to Flood

The historic October flooding in South Carolina cost the state’s tourism industry about $35 million...
November 18, 2015

The historic October flooding in South Carolina cost the state’s tourism industry about $35 million. The state official in charge of tourism, Duane Parrish, attributed the loss to hotel cancellations along the coast and told a state senate panel that South Carolina lost $4 million in state and local tax revenue as a result. South Carolina Department of Insurance Director Ray Farmer said that the insurance industry has paid $58.3 million for claims filed by residents and businesses.  Farmer said so far losses total $139.8 million, and added that he expected both losses and claims paid to increase.

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