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State Farm Handling Thousands of Claims From Hurricane Ida

The U.S. Coast Guard conducted overflights Monday following the landfall Hurricane Ida. Aircrews conducted overflights near Galliano, LA to assess damages and identify hazards.
The U.S. Coast Guard conducted overflights Monday following the landfall Hurricane Ida. Aircrews conducted overflights near Galliano, LA to assess damages and identify hazards.

Hurricane Ida earlier this week tore into Louisiana’s coastline with devastating force. Torrential rainfall and Category 4 winds battered New Orleans’s power grid leaving over a million residents without electricity in the sweltering heat. Winds and floodwaters ravaged homes and businesses, leaving a trail of destruction as Ida moved north into Mississippi.

While the full scope of the damage has yet to be assessed, Wells Fargo and Fitch Ratings analysts have both estimated the totals could be anywhere from $15 billion to $20 billion.

State Farm has so far received over 15,000 total claims related to Ida. Kevin Gamble, a spokesperson for the insurer, said most of those claims have come from Louisiana. Gamble said 1,900 claims are related to auto and over 12,000 claims are for home and property.

Gamble said State Farm has mobilized teams of claim adjusters trained for disaster response to affected areas throughout Louisiana and Mississippi.

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