Here’s Why Hurricane Katrina Still Matters

Here’s Why Hurricane Katrina Still Matters

Nearly a decade ago, on Aug. 29, 2005, New Orleans and the southeastern part of Louisiana were hit by hurricane Katrina. The following month, southwestern Louisiana was hit by hurricane Rita. Together the storms swamped the state and put families and communities in peril. Getting back to normal and rebuilding required the availability and affordability of property insurance in those communities. Katrina caused more than $25 billion in insured losses from about 750,000 claims. Hurricane Rita…