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Reports of flooding in eastern US states as millions were left without power.
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The storm is producing tornadoes on its way up the US east coast.
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Parts of South and North Carolina are under hurricane warning but the storm is expected to bypass the city of Charleston.
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The storm is now expected to make landfall in the Carolinas late Monday.
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Isaias is currently a Cat 1 hurricane and is nearing Andros, the largest island in the Bahamas.
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Florida could face heavy rain and flooding as a result of Isaias, the National Hurricane Center (NHC) has warned.
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NFIP claims are expected to make up about $100mn of the claims tally.
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Puerto Rico, the US and British Virgin Islands and other territories are under storm warning.
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The estimate includes privately insured wind and storm surge damage to homes, commercial properties and cars, but not NFIP losses.
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The storm remained offshore but lashed Kauai with rain.
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Rainfall in some areas could lead to flooding and landslides.
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Notices of legal action jumped 65% year on year to an all-time high in H1 2020.