AIR cuts loss estimates for Irene
Catastrophe modelling firm AIR Worldwide has cut its industry insured loss estimates for Hurricane Irene’s impact in the Bahamas to between $200m $400m (previously $300m to $700m).
It said its survey team had found lower than expected take up of insurance. Scott Stransky, scientist at AIR Worldwide, said: "While take-up rates in Nassau and Freeport-which represent the two
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