Hurricane Katrina anniversary

TOMORROW marks the fourth anniversary of hurricane Katrina’s Louisiana landfall, which led to the levee failure that caused the city of New Orleans to flood. Many of the city’s poorer regions have never recovered, and there continues to be concern over the capabilities of the city’s flood- protection system should another storm of Katrina’s magnitude strike. Katrina is also the largest hurricane insured loss on record, costing the industry more than $40m.