California flooding causes $5B to $7B in losses, estimates show

Data: National Weather Service; Map: Erin Davis/Axios VisualsThe recent California flooding and severe weather led to $5 billion to $7 billion in total U.S. economic losses, according to new estimates from Moody’s.The big picture: The new estimates show the wide-ranging impact from the historic weather that crippled California with floods, heavy snow and massive rainfall.Details:…