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Originally Posted by Philliesfan980
Since NO hasn't had this problem (hurricane related) in a long time, hopefully there's enough in escrow from various insurance companies to cover it. Theoretically, they've had to pay this insurance for years and years of esentially nothing, they should be able to cash it in now.
Of course the insurance companies will cry poor however.
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Actually on MSNBC (or CNBC or one of those stations) I heard one of the insurance bigwigs say that this would be NOTHING at all like Andrew; the point was that Andrew was an historical disaster, and the insurance companies learned some lessons from it.