Tillinghurst publishes new Katrina loss estimate
Hurricane Katrina is expected to result in $40bn to $55bn in private insurance payments, according to a new white paper developed by the Tillinghast and Reinsurance businesses of Towers Perrin.
"Hurricane Katrina: Analysis of the Impact on the Insurance Industry" notes that the estimate allows for a significant "demand surge" (increase in local market costs due to vastly increased demand)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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