A construction firm executive told New York insurance executives they should not be hesitant to cover risks in New Orleans because significant flood protection work has been done in the city.
Warren Perkins, vice president of Boh Bros. Construction Company, made his remarks at a seminar held in New York by the Inland Marine Underwriters Association's (IMUA) Construction Committee.
Mr. Perkins and other professionals presented arguments designed to convince insurance company representatives in the audience that they should not shy away from underwriting New Orleans construction. They said the city is on a strong road to recovery since the destruction wrought by Hurricane Katrina in 2005.
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