If the predictions of more-intense storms bear out, with the attendant increases in property loss, then Katrina will be dwarfed in the future, especially if hurricanes zero in on major cities in the United States like Miami or New York. The Big Apple had a near miss with disaster in late August 2011 with Hurricane Irene. Because of the risks, insurers have raised the ante for companies and individuals. The threshold for capital adequacy for companies is much higher, and the risk from losses from two disasters happening in quick succession must be considered. Beyond this, insurers are simply pulling out of high-risk areas. Allstate, the third-largest player in the United States, has been reducing its exposure in hurricane zones and in areas subject to cyclones and other inland storms. Allstate's CEO, referring to more-intense storms, has said: "We're running our business as if this change … is permanent.