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Jun19
Mississippi Claims For Hurricane Katrina And Rita Total $10 Billion
In a press release on the Mississippi Insurance Department website Commissioner of Insurance George Dale states an astronomical number for Hurricane Katrina and Rita related claims.  Over $10 billion in hurricane related claims have been paid out as of June 6, 2006. 

A part of that total figure, $2.4 billion, came from claims paid by the National Flood Insurance Program.  Of the six coastal counties there were over 250,000 claims with a total of over $7 billion in claims paid to those counties alone according to the press release. 

Dale commented on the continuing wave of claims saying, “More and more claims are being paid daily. We’re hearing from people everyday who have settled claims due to their insurance companies going back a second and third time to look at claims at the request of the Insurance Department.”


Dale set up a Hurricane Katrina Mediation program that he boasts is reporting an 85 percent success ratio.


What a time to be insurance commissioner of Mississippi.  Dale is no doubt working harder than he had ever imagined when he became Commissioner.   

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