Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Insured losses from Hurricane Katrina could total over $50 billion, consulting firm Towers Perrin said today, warning that insurers and society should prepare for an increased number of natural catastrophes.

The Stamford, Conn.-based professional services company report estimated insured losses from Hurricane Katrina to be between $40 billion and $55 billion. The figure does not include losses under the National Flood Insurance Program but does include losses for demand surge, cost increases incurred over the demand for materials, and services related to cleanup and reconstruction.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.