Uncertainty for advisers after Hurricane Katrina; FPA, Red Cross recruit planners to offer free advice to victims.(News)

Investment News, September, 2005

Byline: Frederick P. Gabriel Jr. BOSTON - Thousands of financial advisers along the Gulf Coast are paralyzed by the swath of death and destruction cut by Hurricane Katrina. With no power, and most telephones and cell phones rendered useless by Katrina's unimaginable assault, advisers in the region remained cut off from the rest of the world late last week.

Advisers in Louisiana, Mississippi and Alabama were particularly hard hit by Katrina, which left damage of up to $25 billion and hundreds of thousands of people homeless. At Pan-American Life Insurance Co., employees at the company's satellite offices in Valley Forge, Pa., spent much of last week frantically trying to make contact with their colleagues in New Orleans, where the company...

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