Although I have never detailed something like this, I can only imagine that the basic design approach is to replace the capacity of the panel with something that can transfer your in plane, out of plane and load bearing forces to a solid foundation, much like the original panel once did.
This would involve cutting away to good material (OSB) and stitching the old to new with a piece of flat blocking, much like diaphragm blocking. Your nail patterns and block'g size would be a function of the loads on the wall (lateral) panel thickness etc.
Hopefully the studs are good, since those would be a real chore to replace.
The bigger problem is probably addressing the foundation concerns. Did the flood compromise your foundation bearing material...or in other words, where did all the water go?