If a Category 3 hurricane struck New York's Long Island coast itwould create a $50 billion insured loss, a modeling firm executivesaid she has told regulators.

Karen Clark, AIR Worldwide president and chief executiveofficer, said she also advised them that approximately one-quarterof the $100 billion in total economic losses from such a scenariowould be attributable to storm surge damage to property.

Ms. Clark said in a statement she had given the results of theAIR study that analyzed the potential impact of a major hurricaneon the New York City metropolitan area to the four regulators whoconcluded a two-day National Catastrophe Insurance Program Summitmeeting in Burlingame, Calif., yesterday.

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