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How Insurance Policies Have Changed in the Post-Katrina Years

Inaccuracies in computer CAT models used 10 years ago resulted in "greatly out of line" Katrina loss estimates, prompting a revamp of the software and an emphasis on quality data.

Excerpted From CBSnews.com | August 28, 2015

A report issued this month by the Marsh insurance brokerage and risk management group outlines how the outcomes of Katrina, as well as Hurricane Ike and Superstorm Sandy, all brought about the major changes in property insurance, claims, analytics and crisis management over the past decade.

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