Louisiana Katrina P/C Claims Accrue

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.