The Katrina Debate

Sunday, October 16, 2005

Hurricane Katrina: Analysis of the Impact on the Insurance Industry

Hurricane Katrina: Analysis of the Impact on the Insurance Industry
Source: Towers Perrin/Tillinghast

"The Tillinghast and Reinsurance businesses of Towers Perrin have prepared this white paper as our contribution to the discussion of Hurricane Katrina’s financial impact on insurers and further implications for the insurance industry. Our current estimate of direct industry loss from Katrina is $40 to $55 billion. Our analysis includes line-of-business loss estimates; how losses will be split among insurers, reinsurers and capital markets; a look at hurricane frequency and severity; risk management implications; and some public policy issues."