Ida-related losses reach $10.5bn, paid claims sum $6.5bn: Commissioner Donelon

01 February 2022

Pointe-aux-Chenes, Louisiana, USA. 31st Aug, 2021. Floodwaters surround a building after Hurricane Ida slammed into Louisiana. (Credit Image: © Leslie Spurlock/ZUMA Press Wire)

Payments and reserves associated with Ida-related claims have reached $10.5bn, Louisiana Insurance Commissioner Jim Donelon said in the first report with measures on the damage that the Category 4 hurricane inflicted on the southern state in late August.

As of December 31, 2021, policyholders have filed 434,633 claims of all types from Hurricane Ida, with 83% of them already closed.

Louisiana’s

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Topics

News Claims and losses

Jairo Ibarra

Senior Reporter