Wednesday, August 25, 2010
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.
Hereâ€™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):
Â ï® August 29, 2005: the day Hurricane Katrina made its second U.S. landfall as a Category 3 storm in southeast Louisiana.
Â ï® 1,300-1,500: the estimated number of people who lost their lives as a result of Hurricane Katrina.
ï® $41.1 billion: the amount private sector insurers paid out to policyholders for insured losses across six states.
ï® 1.7 million: the number of auto, home and business claims received by insurers.
ï® $16.1 billion: what the federal governmentâ€™s National Flood Insurance Program (NFIP) paid out in flood insurance claims from Katrina.
ï® $2-$3 billion: the amount private sector insurers paid out in damages to offshore energy facilities.
ï® 99 percent: the proportion of the 1.2 million personal property claims settled by the second anniversary of the disaster.
ï® Fewer than 2 percent: the share of Katrina homeowners claims in Louisiana and Mississippi that were disputed either through mediation or litigation.