Though a calamity in ecological and economic terms, the Gulf oil spill will not be a major event for the property/casualty insurance industry, a new study concludes.
New York-based Towers Watson says insured losses will be between $4 billion and $6 billion, a fraction of the total economic loss that is currently estimated to be $35 billion. By comparison (in 2009 dollars), losses from the 9/11 attacks were about $23 billion, and losses from Hurricane Katrina tallied about $71 billion.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access