Risk Management Solutions has increased its estimates for damages stemming from Hurricane Katrina to between $40 and $60bn in insured losses and more than $125bn in total economic losses.
The catastrophe modeling firm had previously estimated insured losses at $20 to $35bn and economic losses at more than $100bn.
RMS said that the revised estimates reflect an analysis the company performed to calculate the insured and uninsured loss components of flooding related to the storm.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
