Claims News Service, Sept. 26, 10:30 a.m. EDT – Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, has estimated that insured losses from Hurricane Rita are likely to range from $4 to $7 billion, based on current information on landfall location and wind speeds.

The $4 – $7 billion estimate is comprised of the following storm-related components:

$3 – $5 billion on-shore damage resulting from wind, storm surge, and rainfall-related flood hazards. RMS' modeling of wind impacts includes both damage to buildings and notable tree-fall damages. The estimate also includes expected demand surge effects, resulting from the inflation of material and labor costs in the region in the aftermath of Hurricanes Katrina and Rita.

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