Tuesday, September 06, 2005

 

Double the loss of Andrew

A British insurance company is estimating the total insurable loss from Katrina will fall between $35 and $50 billion. That implies, of course, that the total loss will be still greater, since a lack of insurance goes along with the poverty of New Orleans.

Ultimately New Orleans will be booming. A disaster takes funds that would normally go to insurance executives and stockholders and redistributes them, at least partially, among the gainfully employed.
 

Post a Comment

<< Simply Appalling Home

Atom feed

Weblog Commenting and Trackback by HaloScan.com
Blogarama - The Blog Directory

Blog Search Engine

Politics
Blog Top Sites

This page is powered by Blogger. Isn't yours?