Remembering Hurricane Katrina: 10 years later

National Underwriter Property & Casualty and PC360.com present the first of two videos commemorating the 10-year anniversary of Hurricane Katrina.

On August 29, 2005, Hurricane Katrina struck the Gulf Coast of the U.S. and caused more than $41 billion in insured property damage. In total, the storm caused between $96 and $125 billion in property damage, destroying an estimated 300,000 homes. The fallout from Katrina has led to significant changes within the insurance and risk management industry.

In this video, J. Robert Wooley, the Louisiana commissioner of insurance during Katrina, and Richie Clements, David Clements and Tim Clements of Clements Insurance Services in Chalmette, La. speak to NU-PC360 Editor-in-Chief Shawn Moynihan about the days before, during and after Hurricane Katrina hit the New Orleans area, and how the insurance industry quickly jumped into action to help out the citizens impacted by the storm.

WATCH PART TWO HERE: The state of New Orleans: 10 years after Hurricane Katrina

See related: 'The Rising' part 1: Surviving Katrina and the flood of claims

'The Rising' part 2: PIA's national president on Katrina's horror and New Orleans' recovery

5 major changes in P&C insurance since Hurricane Katrina

New Orleans 10 Years Later: Lessons Learned from Katrina