Insured losses from Hurricane Dean damage to Jamaica and the Yucatan Peninsula of Mexico will not exceed $1.5 billion, according to modeling firm estimates.

Risk Management Solutions in Newark, Calif., said today it estimated losses will range between just $750 million and $1.5 billion, and AIR Worldwide in Boston said yesterday it estimates insured losses in Jamaica from Hurricane Dean will not exceed $1.5 billion

RMS said it expected a top loss of just $300 million from damage to the Mexican coast, with most of the remainder resulting from the storm's destruction in Jamaica.

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