New Orleans Flood Adds $15-$25B in Hurricane Katrina Insured Losses; Total Estimated Losses Rises To $40-$60B

Monday, September 12th, 2005 Catastrophe Property

In a recent report by Risk Management Solutions the estimates for insured losses from Hurricane Katrina are now expected to be $40-$60 billion, of which $15-$25 billion are related to the Great New Orleans Flood. They also estimate that total economic losses may now exceed $125 billion. This estimate is one week from the preliminary insured estimate of $20-$35 billion and the total economic loss estimate of $100 billion.

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http://www.insurancejournal.com/news/national/2005/09/09/59338.htm

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