Hurricane Dean Losses Projected As High
EQUECAT, a California-based risk modeling company, has projected that insured looses from Hurricane Dean could reach between $1.5 billion and $3 billion. The majority of the losses would be in hard-hit Jamaica in the parishes around Kingston.
The National Oceanic and Atmospheric Administration estimates that damage would include commercial and residential fixed structures as well as losses due to business interruption.
Hurricane Dean is expected to hit Mexico's Yucatan Peninsula late today.
Published on August 20, 2007
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