With a little sigh of relief, insurers are still working to assess the damage in Louisiana after getting hit by a second hurricane in the region within two weeks.
Hurricane Lili, which hit the state yesterday on the heels of Hurricane Isidore, cut power throughout portions of the Gulf Coast region and left a number of populated areas flooded. However, so far there is no reported loss of life.
U.S. insurers could pay $600 million in claims to victims of Hurricane Lili, the first hurricane to strike the U.S. mainland since 1999, according to a preliminary estimate by the Insurance Information Institute in New York.
