(Re)insurers brace as New Orleans levees face Isaac test
As Tropical storm Isaac strengthens to a Category 1 hurricane, residents of New Orleans are bracing themselves for an expected storm surge that will put the city's rebuilt flood defences to the test for the first time since Hurricane Katrina.
As they await the first landfalling hurricane in the Gulf of Mexico since Ike in 2008, (re)insurers will also be closely monitoring the resilience of levees that were extensively breached in 2005, leading to the costliest insured loss in history...
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