Debate on insurance rates after Katrina is different
The locks have burst open the debate on Hurricane Katrina impact on insurance prices, with some experts predict the storm could be devastating slow or stop, selected on current rates for business properties around the nation.
Other questions “Katrina” has an impact on foreign trade rate of the Gulf region.
Many agree, however, that the storm should not lead to that building owners “to increase rates outside the hurricane premium States, for example, in Connecticut.
All predictions are difficult, analysts and actuaries say because nobody knows yet what “Katrina” cost to industry, with assessments to date of $ 17 billion to 60 billion dollars or more.
“It is still early,” said Cliff Gallant, an analyst at Equity Keefe, Bruyette & Woods. “All these big companies have not yet come adjusting devices [some] affected areas.
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