Catastrophe modeler AIR Worldwide says onshore insured lossesfrom Hurricane Isaac could reach $2 billion.
The storm is now well-inland and has been downgraded to atropical depression with winds of 35 mph as its rain begins to sopArkansas and Missouri before the storm turns east.
AIR says the estimate of between $700 million and $2 billionincludes insured losses from damage to residential, auto,commercial and industrial properties and contents, as well asadditional living expenses and business interruption-relatedlosses. It also takes into account demand surge.
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