Hurricane Francine Expected to Cost Insurers Almost $1.5 Billion

Hurricane Francine — which made landfall in Louisiana on Sept. 11 with Category 2 winds — is expected to cost insurers close to $1.5 billion, according to an early estimate from catastrophe modeling firm Karen Clark & Company.

Winds reaching 100 miles per hour triggered a power failure that affected more than 400,000 homes and businesses and canceled hundreds of flights across the US South. Francine quickly weakened to a tropical storm as it moved into Mississippi.