10 Years After Katrina: An Insurers Prospective
On August 24, 2005 meteorologists at the National Hurricane Center began to give warning that in five days’ time, a tropical system could potentially impact the Gulf Coast. As the storm intensified evacuations were ordered in New Orleans. Many elected to leave town, while others decided to ride out the storm. On Monday morning, August 29th, Hurricane Katrina made landfall near the Louisiana-Mississippi border, devastating many cities. In New Orleans, breaches in the levees and flood walls north of the city resulted in massive flooding, killing hundreds and causing catastrophic damage.