The most recent tally on insured losses from the 2020 hurricane season in Louisiana has reached $10.6 billion to cover claims from hurricanes Laura, Delta, and Zeta. Insurance Commissioner Jim Donelon said it was one for the record books.
“A horrific season, second only to 2005, with Katrina and Rita hitting the New Orleans and Lake Charles areas and costing $27-billion,” said Donelon.
The $10.6 billion figure for 2020 is what insurers have paid or in reserve to pay to cover claims. Donelon said they receive reports quarterly and over 325,000 claims have been filed.
“The bulk of it is frankly from Laura, which ended up costing insurers just over $9-billion,” said Donelon.
Followed by hurricanes Delta and then Zeta.
This is the last quarterly report of claims paid, and reserves that will have to be submitted for 2020 damage to the state. Donelon said they have had to field about 1800 formal complaints against insurance companies.
“But in truth and in fairness, out of 325,000 claims being filed, that is a small percentage,” said Donelon.
For information on how to file a complaint visit ldi.la.gov.
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