Ruling paves way for Katrina lawsuits against the US Army

hurricane-katrina-damage-2005

Hurricane Katrina victims have been awarded damages in a lawsuit claiming a canal dredged by US Army engineers from New Orleans to the Gulf of Mexico destroyed a natural barrier to storm surge.

Hurricane Katrina victims have been awarded $719,698 in damages by a judge in a lawsuit claiming a canal dredged by US Army engineers from New Orleans to the Gulf of Mexico destroyed a natural barrier

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Insurers face margin crush unless premiums are hiked

Data analysis: A sustainable margin recovery looks increasingly challenging for insurers with premiums needing to increase in real terms to prevent any erosion after a tripling of costs to 10.9% of premiums last year from 3.5% in 2022.

Stephen Wallace, McLarens

Steven Wallace is managing director of EMEA for global claims services provider McLarens and is the current president of the Chartered Institute of Loss Adjusters.