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Unformatted text preview: Insurance claims for Katrina are estimated to be greater that $23+ billion Estimated reconstruction costs are in excess of $200 billion It is the most expensive disaster in U.S. history. Epicenters of the earthquakes in Turkey are getting closer to its capital, Istanbul. Insurance industry perspective Disasters are increasing in frequency because of the population growth in high risk areas. Vulnerability of those in high risk areas. California: For example, if an earthquake of the same magnitude that struck San Francisco in 1906 were to occur today, estimated insured damage costs would exceed $225 billion Florida: It is estimated that the value of all properties at risk exceeds $1 trillion Worldwide: Forty of the fifty fastest growing cities in the world are located in seismically active areas...
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- Spring '10