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Small Business Guidance Program

The Small Business Guidance Program, created by NU PropertyCasualty360 parent company ALM, provides small and midsize enterprises with the insights they need to thrive in today’s changing business environment. These articles focus on legal, financial, real estate, benefits and insurance issues that owners and managers encounter daily.

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Cleaning up after Hurricane Ida and filing business interruption claims. New Orleans firefighters assess damages as they look through debris after a building collapsed from the effects of Hurricane Ida, on August 30, 2021, in New Orleans, La. (Photo: Eric Gay/AP)

With more than one million homes and businesses without power across Louisiana, assessing the damage from Hurricane Ida will definitely take some time. The Category 4 hurricane made landfall near Port Fourchon, La., on August 29, approximately 40 miles away from where Hurricane Katrina had landed just 16 years earlier.

Preliminary damage estimates of uninsured losses in Louisiana, Mississippi, and Alabama will be approximately $19 billion, according to CoreLogic, which pegs total losses (insured and uninsured) somewhere between $27 and $40 billion. Ninety percent of the losses are expected to be found in Louisiana, where nine parishes were severely impacted.

Patricia L. Harman

Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at [email protected]

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