NU Online News Service, Aug. 13, 3:42 p.m. EDT
Ninety-eight percent of the 1.7 million Hurricane Katrina-related claims were settled within a year, a new white paper said.
The Property Casualty Insurers Association of America (PCI) released a white paper, titled "The Hurricane Katrina Experience–A Property Casualty Insurance Perspective: Five Years Later," that highlights the damage caused by Katrina and steps insurers are taking to manage catastrophic risks more effectively.
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