MEDIA ADVISORY: I.I.I. Is Definitive Information Source on Hurricane Katrina and Insurance Issues

• Private sector insurers paid policyholders a total of $41.1 billion after receiving 1.7 million auto, home and business claims. This makes Hurricane Katrina the costliest disaster in the history of the global insurance industry.
• The federal government’s National Flood Insurance Program (NFIP) paid out $16.1 billion in flood insurance claims, a dollar amount higher than what the NFIP paid to all of its claimants combined between 1968 and 2004.
• Louisiana and Mississippi incurred about 97 percent of all Katrina-related losses, although Alabama, Florida, Georgia and Tennessee were also impacted.
• Fewer than 2 percent of Katrina homeowners insurance claims in Louisiana and Mississippi were disputed either through mediation or litigation.
• Katrina claims settlement levels were extremely high. By the second anniversary of the disaster, approximately 99 percent of the 1.2 million personal property claims had been settled.
• Private sector insurers paid out anywhere from $2 billion to $3 billion in Katrina-related offshore energy facility claims. 

• Hurricane Katrina Fact File
• Catastrophes: Insurance Issues
• Hurricane and Windstorm Deductibles

• 5 Years After Hurricane Katrina: Know the Steps Every Homeowner Should Take
• B-Roll/Bites from Know the Steps Every Homeowner Should Take for use by broadcast news outlets can be downloaded and edited for inclusion in news stories. The video includes the first-hand accounts of Hurricane Katrina claimants who had properly prepared for a hurricane and how they are faring five years later.

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