Hurricane Isaac 2012 Damage: 2 Deaths Reported, Losses Could Total $1.5 Billion

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As Hurricane Isaac slows and weakens, the damage left in its wake is beginning to come to light.

At least two deaths have been reported in Louisiana and Mississippi as a result of the storm.

WLOX in Southern Mississippi reported that a Mississippi tow truck driver died Thursday when a tree fell onto his truck, and a second man died in Louisiana's Vermillion Parish, according to WWL New Orleans.

The Louisiana man, Carlos Medellin-Guillen, died after he went to help two friends move a truck from beneath a tree. He climbed the tree and then fell 18 feet to his death.

Damages from the hurricane, which has since weakened to become a tropical storm, could total as much as $1.5 billion, according to disaster modeling firm Eqecat.

The firm estimates that onshore insured damage - which includes residential and commercial property as well as energy production and lost business - will cost between $500 million and $1.5 billion.

Another $500 million in damages could be seen offshore.

Though many comparisons were drawn between Isaac and 2005's Hurricane Katrina - largely because Isaac made landfall on the seventh anniversary of Katrina - the storms were actually quite different.

Category 1 Isaac's winds topped out at 80 mph, a far cry from the 125 mph winds of Katrina, which claimed 1,800 lives and $45 billion in damages.

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