Uninsured Flood Losses Spur Killer Suits
Katrina exposes shortcomings in federal coverage, putting insurers on the spot
Hurricane Katrina was the worst catastrophe ever to hit the U.S. insurance industry, which is why the massive storm and its powerful sisters–Rita and Wilma–earned the number-one ranking in this year's NU Top 10. However, the hurricanes could end up being far more damaging over the long term if resulting legal challenges to standard flood exclusions are successful.
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