Reinsurance loss estimates from Hurricane Katrina trickle in asthe nature of the event makes solid estimates problematic.

Zurich-based Swiss Re estimated a net loss burden from thisevent at $500 million.

"The complexity of the damage caused by the storm and subsequentflooding means estimates have more than a usual degree ofuncertainty," the company said in a statement.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.