This year (2025) marks the 20th anniversary of Hurricane Katrina, Business Insurance revisited the storm’s profound impact on the insurance industry, and teammate Cliff Simpson, Executive Managing Director, offered valuable insights into how the sector evolved in its aftermath.
Katrina didn’t just devastate communities; it redefined how insurers assess and manage hurricane risk. From reshaping flood definitions to recalibrating coverage limits, the storm prompted a wave of litigation and policy reform that continues to influence underwriting today.
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Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.