Losses from Hurricane Isaac will not be as severe as they were from Hurricane Gustav for Louisiana residents, says the state's insurance commissioner.
In an interview with The Advocate, Louisiana Insurance Commissioner Jim Donelon says he expects losses from Isaac to be about half of the $2.2 billion that Hurricane Gustav cost insurers when that storm hit the state in 2008.
He was also quoted as saying that the state's insurer of last resort, Louisiana Citizens, will suffer around $75 million in losses.
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