Acting Commissioner of Insurance Robert Wooley announced that based on current industry loss data, the Department of Insurance estimates that Hurricane Lili caused $70 million in insured damages in Louisiana and Tropical Storm Isidore caused about $260 million, for a combined $330 million in insured losses with 116,000 claims filed for the two storms. The damage estimates for Lili and Isidore include flood insurance claims.
“Insurance companies have offered these estimates based on damages received up until now,” Wooley said. “These figures should be a good indicator of the final totals because consumers generally file most claims within two to three weeks after a storm hits,” he adds.
A breakout of storm figures shows that Isidore caused around $40 million in homeowners claims, $20 million in private passenger auto damage and $30 million in damage in all other lines, including commercial property claims. Lili generated about $210 million in homeowners claims, $20 million in private passenger auto, and $30 million in all other lines including commercial property.
The department’s P/C division staff are available to take phone calls regarding storm damage from 8 a.m. to 4:30 p.m. daily. Teams of staff members have also gone out to work with FEMA disaster sites in stricken areas as needed.
Consumers with insurance-related questions or concerns should contact the Louisiana Department of Insurance at 1-800-259-5300 or 225-342-1258.
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