Insured loss estimates from Hurricane Isaac up to $2bn

Hurricane Isaac (Image - NASA)

Risk Management Solutions has estimated that US insured losses from Hurricane Issac's wind and surge impacts on the US Gulf Coast will fall between $1bn and $2bn.

This estimate includes the possibility of a small amount of loss stemming from so-called coverage leakage, for example losses caused by surge inadvertently paid out under wind-only policies, but

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