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Katrina's Visit In The Billions

By: AP
By: AP

One early estimate says insured losses from Hurricane Katrina could run as a high as 26 (b) billion dollars.

If that figure from a risk modeling firm proves true, it would make Hurricane Katrina more expensive than Hurricane Andrew, which
caused some 21 (b) billion dollars in insured losses in 1992.

Another risk modeling firm lowered its projections on Katrina's losses twice after the storm struck east of New Orleans. It says the damage could range from nine to 16 (b) billion dollars.

The preliminary estimates from Alabama, Mississippi and Louisiana do not include possible damage to oil drilling platforms and other oil operations in the Gulf, which produces and refines a significant amount of U-S fuel.


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