Insurers' risk models think the seemingly unthinkable -- More hurricanes for Miami

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At today.reuters.com

As Texas braces itself for the imminent arrival of Hurricane Rita, it may only be a matter of time before a devastating hurricane rips into Miami...As southern Florida has among the highest concentration of people and expensive buildings in the United States, the bill from a powerful hurricane wreaking havoc in one of its major cities would eclipse that of Hurricane Katrina, set to be the industry's costliest disaster at up to $60 billion. 'If Miami or Fort Lauderdale took a full hit from a category 5 hurricane...the insured losses would be in the region of $110 billion to $120 billion' PLEASE TAKE CHECKBOOK AWAY FROM BUSH, CHENEY, ROVE, AND HALLIBURTON!!

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At today.reuters.com


 

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