BATON ROUGE (AP) — ISO’s Property Claim Services Unit says Louisiana suffered $2.2 billion in insured losses from catastrophes in 2008, the second-largest total in the United States.
Insurance industry experts say U.S. property and casualty insurers are expected to pay $25.2 billion to homeowners and businesses for 2008 catastrophe losses, the fourth-highest total in a decade. Texas led with $10.2 billion, by far the largest catastrophic loss total last year.
There were losses from 37 catastrophes in 2008, the most disasters in 10 years. Hurricanes caused the most losses, estimated at $13.3 billion, while two tropical storms caused $300 million in damages.
Advertisement
