The Insurance Information Institute reports that Hurricane Katrina was the costliest disaster in the history of insurance. It said that the insurance industry paid $41.1 billion. In addition. There were 63 percent insured losses accounted for in Louisiana, and one-third in Mississippi. The federal government-operated National Flood Insurance Program (NFIP) paid out $16.1 billion in claims.The more you think of the detrimental consequences of inadequate insurance coverage, the more you’ll want to consider taking out an insurance policy that will cover you in case something unexpected and unfortunate...Read More...