Tuesday, August 30, 2011
The New York Times reported yesterday that the total damage inflicted by Hurricane Irene may reach $7 billion by the time the storm dissipates in the coming days, making 2011 one of the insurance industry's worst years. The most expensive disaster by far was Hurricane Katrina in 2005, which caused $45 billion worth of damage, the second at $23 billion was the September 11, 2001 terrorist attacks on the World Trade Center and Pentagon. The ABA's TIPS Section is presenting a year long Disaster Initiative, starting with 10 teleconferences from September 6-19, 2011 to commemorate September 11, 2001, followed by 4 live programs on the topic of Disaster Preparedness and Response: Seattle (October 13, 2011 - Homeland Security and Cyber Disasters); New Orleans (February 3, 2012 - Disasters Caused by Negligent Acts); Charleston, South Carolina (May 17, 2012 - Disasters Caused by Acts of Nature); and Chicago (August 2, 2012 - Disasters Caused by Foreign and Domestic Acts of Terrorism). Please join us at these events by clicking here.