BATON ROUGE, La. — As Ike zigged and zagged through the Gulf of Mexico, CUNA Mutual, regulators and the Louisiana Credit Union League looked back at the Gustav response.
CUNA Mutual Group in Madison forecast that "submitted losses from CUNA Mutual policyholders from Gustav will likely end up to be less than $1 million."
Some policyholders, said CUNA Mutual, "are now bracing themselves for Hurricane Ike, which is already proving to be a challenging storm with its frequently changing patterns and unpredictable course." CUNA Mutual's Credit Union protection disaster team "remains activated and will address any storm-related losses and coordinate property-casualty relief efforts. Once we have a better handle on where Ike will hit, we will contact policyholders in those areas," a spokesperson said.
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