News - Zurich to face $600m Katrina cost
Thursday, February 28th, 2008Swiss insurance group Zurich Department of insurance and finance 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 […]