Uninsured Flood Losses Spur Killer Suits

Katrina exposes shortcomings in federal coverage, puttinginsurers on the spot

Hurricane Katrina was the worst catastrophe ever to hit the U.S.insurance industry, which is why the massive storm and its powerfulsisters–Rita and Wilma–earned the number-one ranking in this year'sNU Top 10. However, the hurricanes could end up being far moredamaging over the long term if resulting legal challenges tostandard flood exclusions are successful.

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