Louisiana Insurance coverage Commissioner introduced insurers have paid or reserved $12.1 billion on all sorts of Hurricane Ida-related claims in Louisiana by way of March 31. This knowledge is the second measure of harm from Hurricane Ida, which struck the state on August 29, 2021, as a Class 4 storm and affected 25 parishes.
In line with the Louisiana Division of Insurance coverage, policyholders have filed 458,485 claims of all kinds from Hurricane Ida as of March 31, with 86% of claims closed. Of these claims, 286,588, or 63%, have been closed with cost, garnering $8.5 billion in funds for harm attributable to the hurricane.
The up to date Ida data was generated from an information name issued by the (LDI) for all approved property and casualty insurers to submit their claims knowledge on Hurricane Ida. The information name was additionally issued to surplus traces insurers. The figures embody claims from private and business insurance coverage. Claims and cost knowledge from the Nationwide Flood Insurance coverage Program is just not included as it’s not regulated by the LDI.
The LDI will proceed accumulating knowledge from property and casualty insurers to observe the claims course of. The ultimate deadline for knowledge is October 7, 2022.
Supply: LDI
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