Loss estimates of $10-25bn from Hurricane Katrina
Reports have claimed that over 50 people have been declared dead after violent tropical storm hit the Gulf Coast of the US. In response, Risk Management Solutions has given a preliminary estimate of $10 to $25 billion in total insured losses from Hurricane Katrina this morning.
This estimate includes losses related to the effects of wind and storm surge in Florida and the Gulf Coast, as well as offshore oil and gas impacts."Despite weakening some before landfall, Katrina
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