Insurance Companies will take a huge hit on this do you think they will
Insure the rebuilding of New Orleans. As far as I can tell things may not get any safer for the people living there and Insurance Companies do not like to lose money. Hurricanes seem to be getting stronger every year and New Orleans is still very vulnerable. I am beginning to think it will not be rebuilt, at least not in the exact same location. Why would a business build in an area they could not get Insurance? America is changing right before our eyes.
not covered by standard homeowners or business policies. And since most of this fits into the flood category... as opposed to "normal" hurricane damage.. a lot of ins. claims will be denied. The ins. companies may not get hit as hard as you may think... (use to work for one).
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