News - Zurich to face $600m Katrina cost
Sunday, September 30th, 2007Swiss insurance group Zurich Financial Services has said that damage caused by Hurricane Katrina in the US will cost it about $600m (341m) in claims.
However, Zurich cautioned that the final amount could yet change.
Some analysts say the total damage caused by Katrina could cost the insurance industry $60bn as a whole.
“The task of estimating Katrina […]