Massive storms that struck Tennessee and northern Mississippi the weekend of May 1-2 left death and destruction in their wake. In Nashville, more than 13 inches of rain fell during the two-day period, and the Cumberland River crested at 51.86 feet, a level not seen since 1937. There have been 23 confirmed fatalities in Tennessee alone.

Claims Magazine reports that the city of Nashville expects damage from the flooding to surpass the billion dollar mark. It cites a press release from Nashvillle Mayor Karl Dean that the city has identified over $1.56 billion in property damage throughout Davidson County. The damage figures include only building damage and not personal property or infrastructure damage.

Currently, there are no estimates for damage insured by the National Flood Insurance Program (NFIP). I.I.I. flood insurance facts and stats show there were 25,501 flood policies in force in Tennessee  in 2008 for a total of $4.9 billion in liability limits.

In addition to losses sustained by homeowners and businessowners, a number of high profile musicians lost instruments stored at SoundCheck, a storage and rehearsal site near the Cumberland River. The New York Times reports on the musicians’ flood losses here.

According to the Tennessean.com, 42 Tennessee counties have been declared disaster areas by the Federal Emergency Management Agency (FEMA). FEMA and the Tennessee Emergency Management Agency have also created a Facebook page for online information sharing in the response and recovery to the flooding event. The response and recovery can also be followed at www.twitter.com/FEMARegion4.