Risk Management Solutions (RMS) has said that total economic losses from both insured and uninsured damage from Hurricane Katrina and flooding in New Orleans is expected to exceed $100bn.
The group said that the losses would result from two separate catastrophic events – the landfall of the hurricane and the flooding that resulted from the breaching of levees.
RMS predicted that the floods in New Orleans will make up at least half of the total economic losses and estimated that the costs of interrupted economic activity caused by the flooding will exceed $100m per day.
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.
