Isabel Could Cause Major Losses: Smith Barney

NU Online News Service, Sept. 15, 4:20 p.m. EDT?Hurricane Isabel, still days away from potential landfall in the United States, could cause significant insured losses, according to New York-based Smith Barney.

Ronald Frank, analyst at the New York-based finance investment firm, said in his research note today that "even if Isabel makes landfall with weaker force than it has presently, it clearly has the potential to be a major insured loss event."

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