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posted on Jan. 9, 2008
AIR Worldwide Estimates Insured Losses from West Coast Storm Could Reach As High As $600 Million
Catastrophe risk modeling firm AIR Worldwide estimates insured losses from the recent west coast winter storm could reach as high as $600 million, with the vast majority of those losses in California. The estimate reflects losses to property, contents, and direct business interruption and additional living expenses for residential, mobile home, commercial, and auto exposures. They do not include crop losses.
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