Coastal Cities Face Greater Flood Risk 10 Years After Katrina According to RMS

A decade after Hurricane Katrina caused $41 billion in property/casualty insurance losses, the most expensive catastrophe for the global insurance industry, rising sea levels are driving up expected economic and insurance losses from hurricane-driven storm surge in coastal cities across the United States, according to RMS, the catastrophe risk management firm. California-based RMS assessed risk in six U.S. coastal cities to determine how losses from storm surge, defined as wind-driven coastal flooding, are expected to change through 2100.