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Guy Carpenter, a risk and reinsurance intermediary, notes in a recent report that Hurricane Rita is located approximately 175 miles west of Key West in Florida and packs sustained winds of around 120 miles per hour, according to the National Hurricane Center. The storm is predicted to track west and strengthen over the next 24 hours. Hurricane-force winds extend 45 miles from the centre of the storm, while tropical storm-force winds extend 140 miles.

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