Louisiana to Host Post-Katrina/Rita Insurance Market Summit

The Louisiana Department of Insurance is hosting an event to discuss the property/casualty insurance market as the state marks the 10 years that have passed since Hurricanes Katrina and Rita caused more than $28 billion in insurance losses in Louisiana.

Questions to be covered include: How has the insurance market changed over the last ten years? Are policyholders more knowledgeable about their coverage today? Are we more prepared to deal with another catastrophic event in our state?

Topics to be discussed include lessons learned from Hurricanes Katrina and Rita and how the storms impacted FEMA’s National Flood Insurance Program (NFIP). The department’s chief actuary will also present an analysis of factors contributing to Louisiana’s property insurance rates.

The State of Insurance Markets Ten Years Post-Hurricanes Katrina and Rita Summit takes place Aug. 11 from 9 a.m. to 12:30 p.m. at the University of New Orleans University Center, 2000 Lakeshore Drive, in New Orleans.

The insurance department will release a State of Insurance Markets report during the summit, which provides insight on the efforts that followed to help stabilize and strengthen Louisiana’s insurance market.

More information, including registration details and an agenda, may be found online at www.ldi.la.gov/katrinasummit.

Source: Louisiana Department of Insurance

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Topics Catastrophe Trends Louisiana Hurricane Market