Claims paid by Hurricane Ida in Louisiana reach $13.9 billion



Insurers have paid or set aside to pay $13.9 billion on all types of claims related to Hurricane Ida in Louisiana through September 30, Insurance Commissioner Jim Donelon announced today. This data is the final measure of damage from Hurricane Ida, which hit the state on August 29, 2021 as a Category 4 storm and impacted 25 parishes.

Policyholders have filed 478,417 claims of all types following Hurricane Ida as of September 30. Of those claims, 319,855, or 67%, were closed with payment, garnering $10.9 billion in payments for hurricane damage.

The updated Ida information was generated from a data call issued by the Louisiana Department of Insurance (LDI) for all licensed P&C insurers and excess line insurers to submit their claims data on Hurricane Ida. Figures include personal and commercial insurance claims. National Flood Insurance Program claims and payment data are not included as they are not regulated by the LDI.

Source: LDI

About Pictures: Debris from a collapsed house after Hurricane Ida in New Orleans, Louisiana, United States, September 3. Photo credit: Eva Marie Uzcategui/Bloomberg

Disaster Natural Disasters Louisiana Hurricane Claims

Was this item valuable?

Here are some other articles you might like.

Interested in Disaster?

Receive automatic alerts for this topic.

Source link


Comments are closed.