This Blog covers the ABA Tort Trial & Insurance Practice Section's series of podcasts, teleconferences, and live programs dedicated to Disaster Preparedness and Response. It addresses issues arising out of disasters caused by foreign and domestic acts of terrorism, by negligent acts, by natural events and by threats to our cyber-security and will confront the issues of preparedness, risk management, recovery and response, liability, insurance, claims and litigation.
The New York Times reported yesterday that the total damage inflicted by Hurricane Irene may reach $7 billion by the time the storm dissipates in the coming days, making 2011 one of the insurance industry's worst years. The most expensive disaster by far was Hurricane Katrina in 2005, which caused $45 billion worth of damage, the second at $23 billion was the September 11, 2001 terrorist attacks on the World Trade Center and Pentagon.
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