Risk Of Catastrophic Storm Surge Remains In The U.S. Gulf Coast

Tuesday, September 1st, 2015 Catastrophe Property

Ten years after Hurricane Katrina – the most costly natural disaster ever faced by the insurance industry and one of the most powerful storms to strike the United States Gulf Coast – the risk of catastrophic storm surge remains, according to a new report from catastrophe modelling firm AIR Worldwide. The Katrina 2015 report models two scenarios for Hurricane Katrina’s landfalls along the Gulf Coast with today’s exposure: the first with catastrophic failure in the flood defence system, the second with the new flood defences holding.


External References & Further Reading
http://www.canadianunderwriter.ca/news/risk-of-catastrophic-storm-surge-in-the-u-s-gulf-coast-remains-10-years-after-katrina-air-worldwide/1003780852/
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