WASHINGTON, D.C. (PRWEB) August 24, 2015
The American Insurance Association (AIA) today emphasized the importance of preparedness in advance of the 10th anniversary of Hurricane Katrina. The costliest natural disaster in U.S. history, Hurricane Katrina made landfall on Aug. 29, 2005, taking more than 1,800 lives and causing $100 billion in total economic damage, $41 billion in insured property damage, and $16 billion in flood insurance damage. In all, insurers expedited the handling of more than 1.7 million claims.
“The devastation Hurricane Katrina caused empathically underscored the need for greater resilience and catastrophe planning for consumers, insurers and governments alike,” said Leigh Ann Pusey, AIA’s president and CEO. “Since Katrina, insurers have continued to improve the claims experience for their customers, worked to improve predictive tools, and intensified their focus on risk engineering to better protect policyholders’ property exposures.”
“While personal safety is of primary importance during any natural catastrophe, there are steps consumers should take ahead of time to protect their property and valuables,” added Pusey. “Prepare a disaster plan, safe-proof your home or business, maintain an up-to-date inventory of your possessions, and be sure to purchase the right insurance coverage. Don’t wait until it’s too late.”
Further resources for hurricane season, including: AIA’s infographic “4 Tips to Protect Your Property,” preparedness guidelines, key insurance coverage tips, insurer claim contact information and additional insurer and government resources, may be found on AIA’s Catastrophe Central webpage.