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LOUISIANAAGENT
COMMISSIONER DONELON UPDATES 2020 HURRICANE DATA THOUGH SEPT. 30, 2021 FOR IMMEDIATE RELEASE November 5, 2021 The latest tally on the insured losses from the 2020 hurricane season is in, and insurers have paid or reserved to pay $10.6 billion to cover claims in Louisiana from hurricanes Laura, Delta and Zeta as of Sept. 30, according to the latest data call issued by the Louisiana Department of Insurance (LDI). By law, policyholders have two years from the date of the storm to resolve claims before they must
file a lawsuit to preserve their rights to continue negotiating. Although the amount of insured losses could change slightly as policyholders wrap up their claims, the Sept. 30 figures represent the fifth and final report to the LDI quantifying damage caused by those hurricanes. Policyholders have filed 323,727 claims of all types from the three storms through the third quarter of this year. Of those, 218,615 claims, or 68%, were closed with payment as of Sept. 30, garnering $8.6 billion in payments for damage caused by the three hurricanes. Insurers have reserved an additional $2 billion to pay on claims resulting from those storms. “Residents of our state suffered a devastating blow from the 2020 hurricanes, as these figures attest,” Insurance Commissioner Jim Donelon said. “With labor and materials prices rising because of the labor shortages and supply chain disruptions during and after the pandemic, I encourage all policyholders to continue filing supplemental claims if they discover that the cost to rebuild is more expensive than what they have been paid.”
