Miss. insurance losses from Isaac relatively small

Private insurers expect to pay more than $24.3 million in claims in Mississippi as a result of Hurricane Isaac, Insurance Commissioner Mike Chaney says.

Chaney says that as of Wednesday, Mississippi’s 21 largest insurers had received 9,400 claims and paid $8.6 million.

That’s tiny compared Hurricane Katrina’s $41 billion in insured damage nationwide. Isaac is expected to cause up to $2 billion in losses in areas it passed through.

Clarion Ledger
9/20/12