It Figures

08/29/2006
The national day of remembrance for all the victims of Hurricane Katrina and those who gave of their time and energy to save lives and help rebuild.

$57 billion
The estimate of overall insured losses for damage to homes, vehicles and businesses hit in 2005 by Hurricanes Katrina, Rita, Wilma and Dennis. A total of 3.3 million claims are expected.

$40.6 billion
The estimated cost to the property/casualty insurance industry of the 1.7 million claims in six states for Hurricane Katrina alone.

$15.5 billion
The losses paid by property/casualty insurers stemming from Hurricane Andrew in 1992. That would be $20.9 billion in today’s dollars.

$15.5 billion
The amount insurers have paid out in homeowners insurance claims to hurricane victims in Louisiana and Mississippi.

94.8%
Hurricane claims settlement rate in Louisiana.

94.3%
Hurricane claims settlement rate in Mississippi.

9 in 10
One year after Katrina, 89 percent of homeowners in Louisiana and 93 percent in Mississippi say they are satisfied with their homeowners insurance company, according to a poll by IPSOS Public Affairs.

10%
The percentage of state income in Mississippi represented by insurance company hurricane claims payments.

11%
The percentage of state income in Louisiana represented by insurance company hurricane claims payments.

$107 billion
The latest round of federal aid that has begun flowing into the Gulf Coast to help recvoery from last year’s hurricanes.

Source: Insurance Information Institute

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