X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

For insurers facing extraordinary exposure from Hurricanes Katrina and Rita, the bad news continues. Serious mold contamination is now threatening water-damaged homes and commercial properties throughout the region. With losses estimated to rise beyond $90 billion in flooded New Orleans and the Gulf Coast, the more than 15,000 adjusters dispatched aren’t nearly enough to handle the region’s estimated two million claims. Hurricane Wilma and recent flooding in the Northeast are only compounding the problem. Moreover, the hurricanes may just be the start of painful times for insurers and property owners if the disruptive weather patterns predicted for the rest of the century by Purdue University researchers prove correct.

PropertyCasualty360

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 © 2019 ALM Media Properties, LLC. All Rights Reserved.