The Louisiana Department of Insurance marked the anniversary of Hurricane Katrina yesterday by announcing that property insurers, as of July 31, have paid an estimated $14.5 billion in property claims in the state that resulted from the storm's damage.
According to the department, the $14,552,324,751 in claims paid does not include losses paid by the National Flood Insurance Program. The figures from the agency also include a reported claim count of 716,864, which includes home, commercial and auto damage.
All of the state's 64 parishes reported claims, with Jefferson Parish listing the most claims at 218,939 at a cost of $4.4 billion. The parish, with a pre-hurricane population of more than 455,043, is located on the south shore of Lake Pontchartrain and runs to the Gulf of Mexico coast. It is next to Orleans Parish and New Orleans.
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