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One Year Later: Louisiana Updates Rita Claim Statistics

Claims News Service, Sept.26, 10:41 a.m. EST -- Coinciding with the anniversary of Hurricane Rita, The Louisiana Department of Insurance (LDOI) recently issued an updated estimate of reported claims

By Eric Gilkey | Updated on September 26, 2006

Claims News Service, Sept.26, 10:41 a.m. EST — Coinciding with the anniversary of Hurricane Rita, The Louisiana Department of Insurance (LDOI) recently issued an updated estimate of reported claims and insured losses paid-to-date for damage caused by the storm, which hit the state on Sept. 24, 2005. The following estimates do not include payments made by the government-sponsored National Flood Insurance Program.

According to the release, total losses paid in the state have exceeded $2.4 billion for the 200,582 claims made so far, meaning that the average claim payment is more than $12,000. The LDOI also noted that roughly 59 percent of claims made in the state were related to homeowners’ coverage, accounting for $1.3 billion of the reported losses and 118,726 claims.

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