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Katrina More Expensive Than Andrew

Katrina has left a million homes without power

Katrina More Expensive Than Andrew

Hurricane Katrina could cost insurers as much as $25bn, experts suppose, specifying, that the financial impact may be less severe than it?s expected.

Katrina has left a million homes without power and has been claimed of 80 lives.

It has caused millions of dollars worth of damage in Louisiana and Mississippi.

Experts said Katrina could be even more expensive than Hurricane Andrew, which cost insurers $21bn in 1992.

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