Jewelers Mutual Updates Katrina Claims

September 28, 2005

Jewelers Mutual Updates Katrina Claims

Jewelers Mutual Insurance Company reports it's paid nearly $700,000 in claims from Hurricane Katrina to commercial policyholders as of Sept. 27, with the majority of claims for loss of income. Policyholders have just started reporting claims for property damage and loss of income due to civil authority for Hurricane Rita.

"We now have a disaster response team in Texas, Louisiana, Oklahoma and Arkansas to help our policyholders with the aftermath of both hurricanes Katrina and Rita," said Darin Kath, president and COO. "We are prepared to help all of our customers who were affected by either of the hurricanes."

Kath added that it's difficult to estimate total loss amounts from both hurricanes Katrina and Rita until the disaster response team has seen the damage and determined the causes of loss. "However, our financial stability allows us to respond to these disasters quickly and definitively," he said.

Prior to Hurricane Rita, the company's disaster response team was granted special permits to enter certain areas of New Orleans to determine damage to policyholders' businesses. They were ordered to evacuate in preparation for Hurricane Rita, but are returning to those sections. As soon as authorities allow them to go into the more heavily damaged areas of New Orleans, they are ready to assist those policyholders.

To report a claim to Jewelers Mutual, contact its home office at (800) 558-6411. Its claim staff is available 24 hours a day, seven days a week.

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