Claims from Hurricane Isaac are beginning to roll in, and the storm is expected to be absorbed by primary insurers with little effect on reinsurers, says a ratings agency.
A spokesman for State Farm, the largest personal-lines insurer in Louisiana, says the company has set-up numerous mobile and temporary claims centers in the greater New Orleans and Lake Pontchartrain area to assist agents. Claims representatives have seen 300 residents in LaPlace, La., alone.
The company has received more than 16,780 claims in Louisiana and Mississippi, with more than 15,000 coming from Louisiana, primarily property claims and more than 3,500 auto claims.
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