A catastrophe modeling firm said today it estimates that insured losses from Hurricane Ophelia will not exceed $800 million.
AIR Worldwide in Boston said the storm's top wind speeds were 95 miles per hour or below, making it a Category 1 storm on the Saffir-Simpson strength scale throughout its trek along the Atlantic coast.
AIR said that even though Ophelia did not technically make landfall as it skirted the coastline, hurricane-force winds battered much of the North Carolina coast with tropical storm force winds (not exceeding 73 mph) extending from south of Charleston, S.C., to north of Cape Hatteras, N.C.
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