Acting Louisiana Insurance Commissioner Robert Wooley estimated damages to his state from Hurricane Lili to be at least $170 million in insured losses but lowered estimated insured damages from Tropical Storm Isidore to between $65 million and $70 million. Those numbers are down from a previously projected $100 million. He said the heaviest losses from Hurricane Lili appeared to be in the Lafayette-New Iberia area, which suffered widespread damage. Wooley expected damage estimates from Lili to increase as more claims are filed.
Topics Louisiana
Was this article valuable?
Here are more articles you may enjoy.
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency 
Palm Beach Billionaires Feud Over Who’s Really Protecting the Everglades 
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments From This Issue
