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Isaac Will Not Trigger La. Citizens Cat Bond; Losses to be Half of Gustav

Losses from Hurricane Isaac will not be as severe as they were from Hurricane Gustav for Louisiana residents, says the states insurance commissioner.

By Mark E. Ruquet | Updated on September 07, 2012

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.

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