Hurricane Michael insured losses will cost as much as $10 billion - AIR Worldwide
A sign is pictured on a damaged building in Mexico Beach, October 12. REUTERS/Carlo Allegri
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(Reuters) – Insured losses for wind and storm surge from Hurricane Michael will run between an estimated $6 billion and $10 billion, risk modeler AIR Worldwide <VRSK> said on Monday.
The estimate does not include losses paid out by the National Flood Insurance Program, AIR Worldwide said.
(Reporting by Suzanne Barlyn)