Dr. Hartwig of the Insurance Information Institute (http://www.iii.org) on The Willis Report on FOX Business Network talking about the estimated 1.5 billion dollars of insured losses from Hurricane Isaac. Wind damage, which is covered by a standard homeowners insurance policy, and flood damage, which must be purchased separately, are the most common types of damage associated with hurricanes and tropical storms. Anyone suffering from damage should contact their insurance agents immediately and begin the claims process.