Hours after the Navy destroyer USS Cole was bombed in Yemen on Oct. 12, 2000, killing 17 American sailors and injuring 39, the families of members of Navy Federal Credit Union likely didn’t know that much more was going on behind the scenes on their behalf.
Credit union insurer says only one major flood claim so far, scattered minor damage reports.
Catastrophe modeler AIR Worldwide says onshore insured losses from Hurricane Isaac could reach $2 billion.
Fitch Ratings says the insurance industry should be able to manage losses from Hurricane Isaac.
Insurer said ready to help claims processing as tropical storm verges on hurricane strength and steams toward New Orleans.