Insurers would be wise to revamp their disaster plans to reflectthe lessons learned during the devastation of Hurricane Katrina,surplus lines officials were warned during last week's NAPSLOmid-year meeting.
Industry officials shared war stories and lessons learned incoping with Hurricane Katrina, while suggesting ways for carriersto plan better for the next catastrophe, at the winter meeting hereof the National Association of Professional Surplus Lines Offices,Ltd.
"The scope [of Katrina] caught a lot of us off guard," said ToddEvans, a principal specializing in third-party administration atEngle Martin & Associates in Atlanta.
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