The Independent Insurance Agents & Brokers of America said it has awarded more than 70 grants to victims of Hurricane Katrina through the Big “I” Katrina Relief Fund.

The fund has collected over $400,000 from more than 470 contributors, IIABA said. The grants are aimed at helping many individuals and businesses within the insurance community devastated by Hurricane Katrina in Mississippi, Louisiana and Alabama.

Plans call for more grants to be awarded in the future. A tally of the total dollars distributed is not yet available, the association said.

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