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MEDIA ADVISORY: ̽»¨¾«Ñ¡ Information Regarding Hurricane Ida

SPONSORED BY




INSURANCE INFORMATION INSTITUTE
New York Press Office: (212) 346-5500; media@iii.org
Washington Press Office: (202) 833-1580

NEW YORK, November 9, 2009 — The ̽»¨¾«Ñ¡ Information Institute (I.I.I.) has experts available to conduct interviews on the insurance ramifications of Hurricane Ida.

The Hurricane Center set a hurricane watch from Grand Isle, Louisiana, to Mexico Beach in northwestern Florida, but did not include the city of New Orleans. If Ida makes landfall in Louisiana it would be the first storm to strike the state since Hurricane Gustav, a category 2 storm that made landfall in Cocodrie, Louisiana on September 1, 2008. The second most destructive hurricane of the 2008 Atlantic hurricane season, Gustav caused insured losses of $2.15 billion, according to PCS.Ìý
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Eight of the 10 costliest hurricanes in U.S. history, as defined by insured losses, have occurred since 2004. Hurricane Ike in 2008 ($12.5 billion) ranked third, topped only by Hurricane Katrina ($45.3 billion), which ranked first; Hurricane Andrew, in 1992, ($23.8 billion, in 2008 dollars) ranked second.
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Wind damage from hurricanes is covered under standard homeowners and business insurance policies. Damage caused by flooding, however, is not covered by these policies. Coverage for flood losses, and information about flood insurance, is available from the federal government's (NFIP). Damage to cars from wind and flooding is covered under the comprehensive portion of an auto insurance policy.
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For facts and statistics about hurricanes, go to Facts and Statistics: Hurricanes.Ìý
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For background information on catastrophes, go to Issues Updates – Catastrophes: ̽»¨¾«Ñ¡ Issues.
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To arrange an interview with the I.I.I., call the press office at 212-346-5500.

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