Industry | 2015.08.20
U.S. Coastal Flood Risk on the Rise 10 Years After Hurricane Katrina; Miami, New York and Tampa Face Greater Risk than New Orleans
NEWARK, Calif.--(BUSINESS WIRE)--A decade after Hurricane Katrina caused $41 billion in property and casualty insurance losses, the most expensive catastrophe ever experienced by 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 new analysis by RMS, the world’s leading catastrophe risk management firm. RMS assessed risk in six U.S. coastal cities to det
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