The fifth anniversary of Hurricane Katrina gives us all pause for thought. Katrina was the costliest hurricane, as well as one of the deadliest, in U.S. history.
HereÃ¢â‚¬â„¢s a look at the storm by some of the numbers (sourced from the I.I.I. white paper: Hurricane Katrina: The Five Year Anniversary):
Ã‚ Ã¯ ® August 29, 2005: the day Hurricane Katrina made its second U.S. landfall as a Category 3 storm in southeast Louisiana.
Ã‚ Ã¯ ® 1,300-1,500: the estimated number of people who lost their lives as a result of Hurricane Katrina.
Ã¯ ® $41.1 billion: the amount private sector insurers paid out to policyholders for insured losses across six states.
Ã¯ ® 1.7 million: the number of auto, home and business claims received by insurers.
Ã¯ ® $16.1 billion: what the federal governmentÃ¢â‚¬â„¢s National Flood Insurance Program (NFIP) paid out in flood insurance claims from Katrina.
Ã¯ ® $2-$3 billion: the amount private sector insurers paid out in damages to offshore energy facilities.
Ã¯ ® 99 percent: the proportion of the 1.2 million personal property claims settled by the second anniversary of the disaster.
Ã¯ ® Fewer than 2 percent: the share of Katrina homeowners claims in Louisiana and Mississippi that were disputed either through mediation or litigation.