Storms of 2005 Sounded an Alarm That Many Insurance Companies Are Heeding

Summary

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Although it may take more than a year to sort out many of the losses resulting from Hurricanes Katrina, Rita, and Wilma, their impact on the commercial insurance market already is being felt in property, marine and energy coverage and eventually may spread to other lines.

A new report from Marsh Inc., a risk and insurance services firm, provides an assessment of damages resulting from Hurricanes Katrina and Rita and describes their potential consequences and implications for businesses and government entities.

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Storms of 2005 Sounded an Alarm That Many Insurance Companies Are Heeding

Whether Hurricane Katrina, by itself, will represent the largest insured loss event in hist...

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