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Hurricane Laura damages estimated at $8 billion to $12 billion in Louisiana, analysts say – The Advocate

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Insurance companies are getting a scope of the damage caused by Hurricane Laura, with an analytics already estimating insured damage in the state at $8 billion to $12 billion a day after the storm slammed into southwest Louisiana and left a trail of destruction northward through the state.

State Farm, the largest homeowners insurance company in Louisiana with about 278,000 policies, said Friday morning that 7,430 claims had been filed already. Another 750 auto claims also had been filed with the company.

President Donald Trump plans to visit Lake Charles on Saturday to meet with local and state officials and get a firsthand look at the devastat…



Read More: https://www.theadvocate.com/baton_rouge/news/business/article_0641bdf4-e971-11ea-8e81-db141d45ca5c.html

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Source: https://www.theadvocate.com/baton_rouge/news/business/article_0641bdf4-e971-11ea-8e81-db141d45ca5c.html

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