"We are man enough to realise we have a couple of positions to
shore up, we have to find a couple of players.
Coast 2050 also recommended that federal agencies dredge soils and ancient sandbars to create new marshlands; plug up the Mississippi River Gulf Outlet; and
shore up barrier islands that are the first line of defense against approaching hurricanes.
In the wake of Hurricanes Katrina and Rita, insurers and reinsurers--particularly those based in Bermuda--are plunging into the capital markets with equity and debt offerings, raising funds to
shore up battered balance sheets as they head into the January reinsurance renewal season.