Isaac Insurance Claims Begin

By: The Associated Press
By: The Associated Press

Insurance claims from Hurricane Isaac are trickling in, with one estimate saying losses to insurers could total $1.2 billon.

AIR Worldwide, which models losses for insurers, says insurers could pay between $700 million and $2 billion depending on how much damage Isaac's winds and rains produce.

State Farm Insurance Cos., the largest homeowners insurer in Louisiana and Mississippi, says it has received more than 4,000 homeowners claims as of Friday. The company says it has also received more than 1,000 auto damage claims.

Other companies have received fewer claims. Bob Warner, claims manager for Louisiana Farm Bureau Insurance, says loss claims don't appear to be coming in at a high rate.

FEMA says it won't have an estimate of federal flood insurance claims for weeks.

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