Experts say they expect price increases in insurance Katrina.
Hurricane Katrina is design to one of the most costly storms in the history of USA, and there may be further problems for homeowners across the east coast of ‘insurance.
Insurers should prices in the south-east of the country, said industry leaders, as companies try to protect themselves against another major hurricane in the future.
According to industry estimates of hurricane costs vary with AIR Wide World of Boston Corp. predicted that the storm cost the industry $ 17 billion to 25 billion dollars, while other estimates range from $ 9 billion 25 billion dollars.
“It is very expensive, because there was widespread wind damage because schieren and size of the entire event,” said Jayanta Guin, Air Vice President of research and modelling.
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