Our friend Bob Sargent reports on the buzz from a recent conference of professional insurance folks about the impact of Hurricane Katrina on prices, surplus, and flood coverage. Specialty Insurance Blog: Katrina Chat
Hurricane Rita can only aggravate the tendencies that Bob's colleagues see. As as happened after past mega-disasters, the weak may fail, the strong will survive, but the public policy debate and insurance marketplace will be altered.
Posted by dougsimpson at September 22, 2005 04:51 AM