Credible insured damage estimates from Hurricane Katrina willtake much longer than usual, due to the unique characteristics ofthe disaster, said a top insurance industry official.
Robert Hartwig, chief economist for the Insurance InformationInstitute, said it will be "a long process to come up with thatnumber."
He added that, "the major modeling companies say anywherebetween $9 billion and $26 billion," he said. "But I think the lowend of that is pretty unrealistic."
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