Hurricane Katrina blows up a storm for insurers


A month after Hurricane Katrina's devastating impact on the US Gulf Coast, rating agency Standard & Poor's has claimed that this event could become the costliest ever to hit the global insurance industry. Insurers assessing their losses from Katrina say that damages could be worse than previously expected, as estimates for total insured losses from Katrina range from $25 billion to $60 billion.

"Even the low side of loss estimates place it at almost twice the cost of the September 11 attacks and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here