Katrina – 10 years on

What was learned from Hurricane Katrina?

Besides the terrible human toll, the financial cost of Hurricane Katrina was enormous – almost £40bn of insured losses.

Today, businesses should be better equipped to deal with such disasters. Loss reduction recommendations can minimise losses by up to 85%, and technology such as drones, thermographic imaging and live streaming are producing increasingly accurate data. Despite this, the economic cost of natural disasters is growing.

This CIR report looks at the issues and examines why ‘Learning the hard way’ may continue to be a feature for some businesses and how this will contribute to greater costs related to recovery.