Unlike past storm events, the heaviest impact of Hurricanes Katrina and Rita will be on commercial business, according to a report from Marsh brokerage.
The study also said that reinsurance rates will drive increases in a number of lines.
"Whether Hurricane Katrina, by itself, will represent the largest insured loss event in history remains to be seen," said George F. Mikes, a managing director of Marsh Inc. and chief operating officer, North American Risk Practices & Specialties, in a statement.
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