Forecast: Katrina Could Cause $30 Billion Loss

Hurricane Katrina has the potential to cause up to $30 billion in insured losses to the Gulf states, a catastrophe modeling firm estimated yesterdayEQECAT ...

By Arthur D. Postal, Daniel Hays | Updated on February 25, 2005

Hurricane Katrina has the potential to cause up to $30 billion in insured losses to the Gulf states, a catastrophe modeling firm estimated yesterday

EQECAT made its forecast as the storm was rated a maximum strength Category 5 hurricane, with winds of up to 175 miles per hour. The firm said the low end of its estimate is for $15 billion in insured losses.

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