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Talking Katrina: A Decade to Think

On August 29, 2005 Hurricane Katrina — which hit category 5 in the warm waters of the Gulf of Mexico — slammed into Louisiana and Texas. When it hit land Katrina had fallen to a category 3. That's fortunate. As you know and remember, Katrina caused $41 billion in property and casualty insurance losses and millions more in uninsured losses. It is the most expensive catastrophe in insurance history. Marsh just released a report called 10 Years After Hurricane Katrina: Lessons in Preparedness, Response, and Resiliency. It tracks the changes Katrina and its cousins Hurricane Ike and Superstorm Sandy made in the business. more


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