Almost a year after it was struck by Hurricane Katrina, Louisiana’s economy is in desperate shape, but conditions for that state and Mississippi should improve as insurance claims payments and $107 billion in federal aid arrive, an insurance trade group predicts.

That forecast comes from the Property Casualty Insurers Association of America (PCI) based in Des Plaines, Ill., in a report on “Rebuilding the Gulf: The Impact of Insurance Claims Payments on Post-Hurricane Economic Recovery in Louisiana and Mississippi.”

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