Nearly 70 Percent Of Homeowners Katrina Claims Settled In LA And MS.

According to the Insurance Information Institute, homeowners insurers have settled nearly 70 percent of claims from Hurricane Katrina in Louisiana and Mississippi. It is estimated that more than 732,000 homeowners insurance claims have been settled in the two states, totaling $11.4 billion, as of January 24. Homeowners insurers ultimately expect to pay more than one million homeowners claims totaling $16.4 billion. In Louisiana, insurers have settled 479,500 homeowners claims or 69 percent of expected homeowners claims from Hurricane Katrina, totaling $7.5 billion,and in Mississippi, 253,000 or 71 percent of expected homeowners claims, totaling $3.9 billion have been settled.