Louisiana Insurance Facts About Hurricane Katrina

 

The Louisiana Department of Insurance has issued an updated statewide estimate of reported claims and insured losses paid-to-date (information as of July 31, 2006) for damage caused by Hurricane Katrina in Louisiana. This information does not include losses paid by the National Flood Insurance Program. Again, the below claims and dollar amounts are estimates.

Losses paid-to-date: $14,552,324,751 (Over $14.5 Billion)

Reported claim count: 716,864

# of parishes with Katrina-related insurance claims filed: All 64 parishes

Parish with most claims: Jefferson Parish- 218,939 claims costing $4.4 Billion

Parish with costliest claims: Orleans Parish- $5.1 Billion for 179,123 claims

Parish with fewest claims: Caldwell and Claiborne tied with 24 claims each totaling $168,000 and $176,000 respectively

Line of business with most claims filed: 57.6% of all claims filed are Homeowners; 413,052 claims filed, costing $5.8 Billion

Line of business with highest payment per claim: $85,169 per Commercial Multi-Peril claim

Number of parishes with more than 10,000 claims: 12

 

The 12 parishes with more than 10,000 claims are as follows:

Parish	Reported Claims	Total Cost	Cost Per Claim
East Baton Rouge	25,867	$240,762,769	$9,300
Jefferson	218,939	$4,363,344,609	$19,900
Lafourche	13,435	$188,397,216	$14,000
Orleans	179,123	$5,147,181,733	$28,700
Plaquemines	11,289	$420,755,982	$37,300
St. Bernard	39,522	$942,208,107	$23,800
St. Charles	18,395	$159,748,824	$8,700
St. John the Baptist	13,147	$107,660,243	$8,200
St. Tammany	112,374	$2,028,459,298	$18,100
Tangipahoa	21,095	$203,146,899	$9,600
Terrebonne	12,070	$147,888,908	$12,300
Washington	14,991	$228,997,861	$15,300

 

 

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