Hurricane Katrina struck the Gulf Coast of the US on August 29, 2005. It remains the largest-ever windstorm loss and the costliest disaster in the history of the global insurance industry, causing as much as $125bn in overall damages and $60bn+ in insured losses.
To mark the 10-year anniversary of Katrina, the risk bulletin Hurricane Katrina 10: Catastrophe Management And Global Windstorm Peril Review analyzes windstorm risks and losses and examines the lessons learned from Katrina for future global windstorm loss mitigation, given increasing weather volatility.