RISKS LLOYD’S EMERGING RISKS TEAM REPORT THE HERBERT HOOVER DIKE A DISCUSSION OF THE VULNERABILITY OF LAKE OKEECHOBEE TO LEVEE FAILURE; CAUSE, EFFECT AND THE FUTURE 2 Disclaimer This document is intended for general information purposes only. Whilst all care has been taken to ensure the accuracy of the information, Lloyd’s does not accept any responsibility for any errors and omissions. Lloyd’s does not accept any responsibility or liability for any loss to any person acting or refraining from action as the result of, but not limited to, any statement, fact, figure, expression of opinion or belief contained in this document. Contact details Director of Franchise Performance Rolf Tolle 020 7327 6743
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[email protected] Acknowledgement With thanks to James Boyce for undertaking much of the research for this paper. 3 EXECUTIVE SUMMARY 1 Hurricane Katrina caused wide-scale damage to the Louisiana coast and New Orleans in particular, (Lloyd’s share was USD 3.4bn). However, there are other less well-known areas that are also extremely vulnerable to hurricanes. Lake Okeechobee in Florida is ranked second by the International Hurricane Research Center in a list of the most vulnerable US mainland areas to hurricanes.