Modelers' early estimates of the insured losses from Hurricane Dennis' strike on the Florida panhandle put it between $1 billion and $8 billion.
The highest estimate, from Eqecat in Oakland Calif. made at 3:45 p.m. Sunday, put the possible loss at $3 billion to $8 billion, while a later estimate from AIR Worldwide in Boston put the figure at from $1 billion to $2.5 billion.
AIR noted that while the storm made landfall in the same region as Hurricane Ivan in 2004, insured losses from Dennis are expected to be significantly lower than Ivan's, since Dennis differed from Ivan in four important aspects: intensity, size, speed and location.
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