Katrina ‘most costly event’ for global insurance industry, claims S&P
Hurricane Katrina will most likely prove to be the most costly event ever to hit the global insurance industry, according to Standard & Poor’s.
So far, even the low side of loss estimates (about $35bn) place it at almost twice the cost of the September 11, 2001, attacks and more than Hurricane Andrew, with insured losses (inflation-adjusted)Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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