Claims News Service, Oct. 21, 4:50 p.m. EDT — Risk Management Solutions has published an in-depth report entitled "Hurricane Katrina: Profile of a Super Cat." The report summarizes the development of damage from Hurricane Katrina and the Great New Orleans Flood, as well as the issues that will determine the final outcome of losses suffered by the insurance industry and other stakeholders in the catastrophe. The article goes on to provide an initial assessment of some of the main lessons and implications for disaster management and catastrophe modeling.
Most notably, the report emphasizes that the devastating effects of Hurricane Katrina and the Great New Orleans Flood will lead to increased focus on controlling exposure to other potential 'Super Catastrophes' that can lead to losses on this scale.
The report is available on the RMS web site at http://www.rms.com.
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