Louisiana Citizens Property Insurance Corp. says it has settled 85 percent of the more than 17,000 claims it received from Hurricane Isaac, the fastest it has settled so many claims after a significant loss event in its history, the insurer says.
The state's insurer of last resort says it received 17,059 claims from Hurricane Isaac and 97 percent of those claims have been inspected.
Loss payments through the second week of October totaled $57.8 million, Citizens says. It expects the ultimate loss and adjustment expense from Isaac to reach $75 million to $100 million.
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