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Risk Management Solutions recently announced that insured losses from Hurricane Katrina are estimated to be $40-$60 billion, of which $15-$25 billion are related to the Great New Orleans Flood. Total economic losses are now expected to exceed $125 billion. On September 2, RMS released a preliminary insured loss estimate of $20-$35 billion (excluding flood losses in New Orleans). At that time, total economic losses were estimated at over $100 billion. Today’s revised estimates reflect an extensive analysis that RMS has performed to model and estimate the insured and uninsured loss components of the flood.

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