Twenty years after Hurricane Katrina swamped parts of Louisiana and Mississippi, the property insurance sector is better prepared for another catastrophic storm and the litigation that may follow, according to industry leaders.
They point to tighter insurance policy language and better hurricane-loss models. In addition, flood and wind mitigation efforts, new litigation defense techniques, and tort reforms bolster the insurance system, even as storms threaten to gain in strength and frequency.
The next Katrina will likely mean even greater losses. Rising and warming seas can produce stronger storms and more invasive storm surge. Soaring property