$ 34.4 billion disaster of Hurricane Katrina, a record
Hurricane Katrina natural disaster is the most expensive of all time.
The strong storm is expected to cost personal and commercial property / accident insurance, at least $ 34.4 billion damage to insured property.
Fortunately - for industry and guaranteed not to worry about paying claims - insurers were pleased by 29.1 percent to an increase in net income in the first half of 2005, well before Hurricane jumped into the Gulf of Mexico, damage, destroy or leaving inaccessible, some 851000 housing units.
During the first public estimate of costs related to hurricanes, Jersey City, NJ-based risk Wrangler ISO Properties Inc., said on October 4 Katrina, the costs easily exceed the previous record of $ 20.8 billion cost of catastrophes certainly limited Damages by Hurricane Andrew in 1992.
In countries where the USA, first on the peninsula of Florida on August 25, and again, died four days later, the center of golf along the coast, Katrina caused extensive damage in the wake of houses and businesses in six states: Louisiana, Mississippi, Alabama, Florida, Tennessee, Georgia. Greater New Orleans was the hardest hit after the dam was casting protection against flood waters in the city largely under sea level.
Both residential and business insurance in the states concerned is expected to file more than 1.6 million claims for damage to property, including structures (households and businesses), cars, boats and yachts, ISO reported.
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