Posts tagged August
Hurricane Katrina 10th Anniversary: Lessons Learned and New Business Risks Highlighted in Allianz Risk Bulletin

Business Wire | 18 August 2015

Four thousand lives lost during the 2005 hurricane season, 80% of the city of New Orleans flooded, US $125 billion in overall damages and 1.7 million insurance claims filed: Hurricane Katrina, which struck the Gulf Coast on August 29, 2005, remains the largest-ever windstorm loss. To mark the 10-year anniversary of Katrina, a new risk bulletin from Allianz Global Corporate & Specialty (AGCS) Hurricane Katrina 10: Catastrophe Management and Global Windstorm Peril Review analyzes windstorm risks and losses and examines the business lessons learned from Katrina for future global windstorm loss mitigation, given increasing weather volatility.