Hurricane Katrina has the potential to cause up to $30 billionin insured losses to the Gulf states, a catastrophe modeling firmestimated yesterday
EQECAT made its forecast as the storm was rated a maximumstrength Category 5 hurricane, with winds of up to 175 miles perhour. The firm said the low end of its estimate is for $15 billionin insured losses.
The company did not provide a breakout for the potential lossfor the city of New Orleans, but Risk Management Services ofNewark, Calif. said the loss there could exceed $9 billion.
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