The LDI reported that policyholders have filed 478,417 claims of every type from Hurricane Ida as of September 30. Of these claims, some 319,855 (67%) had been closed with cost, equal to $10.9 billion in funds for hurricane injury.

In accordance with the LDI, the up to date Ida info was generated from a knowledge name it had issued for all licensed P&C insurers and surplus traces insurers working within the state. Figures embrace claims from each private and industrial insurance coverage, however didn’t embrace claims and cost knowledge from the Nationwide Flood Insurance coverage Program.

“Policyholders who really feel their declare has not been correctly resolved by their insurer can name us at 800-259-5300 and file a criticism,” mentioned Louisiana Insurance coverage Commissioner Jim Donelon. “Policyholders must know they’ve a proper to file a supplemental declare in the event that they discover extra injury or if the elevated price of supplies made the preliminary cost inadequate to cowl the loss.”

Learn extra: Louisiana regulator proposes $20 million plan to fund insurer incentive program

The LDI had beforehand proposed making a $20 million incentive fund to draw extra insurers to the state. In accordance with Donelon, the $20 million can be coming from the surplus the LDI collects from charging insurers for licenses, in addition to different prices of enterprise.