Damage to homes and vehicles from Hurricane Francine will cost insurers about $1.5 billion, which is moderate by industry standards and not expected to make the state's insurance crisis any worse.

After making landfall as a Category 2 storm, Hurricane Francine is estimated to have done around $1.5 billion worth of damage across its path of destruction in Louisiana and Mississippi.

That’s going to make insurance more accessible,” said Dan Mills, CEO of the Homebuilders Association of Greater New Orleans. “But if there aren’t any carriers writing in our area, then the carriers that do write policies can only write a small subset.