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Louisiana’s insurers paid more than $23bn for 2020, 2021 hurricanes: III

Pointe-aux-Chenes, Louisiana, USA. 31st Aug, 2021. Floodwaters surround a building after Hurricane Ida slammed into Louisiana. (Credit Image: © Leslie Spurlock/ZUMA Press Wire)
Photo: Alamy

Louisiana’s insurers have paid out more than $23bn for over 800,000 claims after the 2020 and 2021 hurricane seasons, leading to a growing “insurance crisis”, according to the Insurance Information Institute.