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Storm surge may flood levees, cost oil rigs $7 billion

If Hurricane Gustav proves to be as strong as is forecast, it could overtop some floodwalls and levees in New Orleans, according to analysts at Risk Management Solutions.

Related market news:

Gustav caused $4 bln-$10 bln insured loss, RMS estimates
Gustav passes New Orleans with levees intact
Offshore oil operators evacuating workers ahead of Gustav
Tropical Storm Fay moves on to Cuba, Florida
Hurricane Ike could flood 100,000 homes: report
Baker Hughes weekly rig count rises
Bush: Too early for ’solid assessment’ of damage by Gustav
Refinery row faces massive storm surge from Ike
Hurricane Ike hits Texas causing floods, power outages
Tropical Storm Hanna marks eighth Atlantic storm


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