Paying for Katrina: The Insurance Question

By one estimate, close to half a million insurance claims have already been filed in the wake of Hurrican Katrina — and a host of questions have been raised. Who will pay for what stands to be the costliest disaster to hit the U.S. insurance industry?

Guests:

David Maurstad, director of FEMA's National Flood Insurance Program and Mitigation Division

Howard Kunreuther, co-director of the Risk Management and Decision Processes Center at the University of Pennsylvania's Wharton School

Robert Hunter, director of insurance for the Consumer Federation of America; former Texas insurance commissioner

Bill Bailey, managing director of the Hurricane Insurance Information Center

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