The Louisiana Department of Insurance’s final estimate of Hurricane Ivan damage in Louisiana is $7,868,750. That figure is based on a reported 3,760 claims paid following a survey of the major insurance carriers in the state. “In my frequent meetings with insurance company executives, I use Hurricane Ivan as a prime example of why Louisiana is a good place for insurers to do business,” Commissioner of Insurance Robert Wooley said. “Unlike our neighboring coastal states with millions of dollars worth of beach-front residential and commercial developments, Louisiana has about 80 miles of marsh before you reach a highly populated area. So we have a cushion that other coastal states don’t have when a hurricane strikes.” Wooley also recently honored 16 employees with LDI’S Property and Casualty Consumer Affairs Division who took turns working 12-hour shifts, seven days a week through October, helping the Florida Insurance Department in the hurricane-ravaged areas near Pensacola. Louisiana DOI employees helped Floridians contact their insurance companies when needing to make a claim.
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
Maryland Reaches Settlement With Ship Owner, Operator Over Bridge Collapse 
Parents Charged After Child Is Hurt Crawling Into Wolf Area at Zoo 
Data Centers Offer a Potential $10 Billion Windfall for Insurers From This Issue
