Swiss Re doubles its own Katrina estimate
Swiss Re today announced that it now expects the total insured loss from Hurricane Katrina for the insurance industry to be in the range of USD 40 billion. Accordingly, Swiss Re estimates its own claims to be in the range of USD 1.2 billion.
Swiss Re had previously communicated a preliminary claims estimate of USD 500 million for Hurricane Katrina on the basis of an estimated market loss of USD 20 billion. As Swiss Re now estimates anOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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