WHEN Hurricane Katrina blew through the U.S. Gulf Coast states last year, she just may have blown your budget for event cancellation insurance as well.

James Chippendale, president of CSI Insurance Management, a Dallas-based agency, says he got word from “the largest underwriter of event cancellation insurance in the country” that there's a “good chance” the Katrina disaster will affect the rates for events exposed to hurricanes.

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