Hurricane Isaac may cause $1.5 billion in damage

Hurricane Isaac Homeowners Insurance Industry Damages

Eqecat predicts the havoc caused by Hurricane Isaac Hurricane Isaac may cause more than $1.5 billion in damage as it makes its way through Louisiana, according to Eqecat, a leading catastrophe modeling firm. The hurricane, which made landfall earlier in the week, is expected to makes its way through Louisiana, Mississippi and Alabama. Thus far, the storm has caused a significant amount of damage in and has left more than 644,000 people across several states without power. Eqecat suggests that Hurricane Isaac is just reaching its stride and the storm…

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