Overall insured losses from Hurricane Dean's track through the Caribbean and Mexico are likely to total $2 billion, the modeling firm Eqecat Inc., based in Oakland, Calif., said yesterday.
The damage done in two landfalls in Mexico will amount to cumulative insured losses and will not likely exceed $250 million, the firm said.
Earlier higher estimates, the modeling firm said, were based on more adverse storm paths and intensities forecast by the weather services. While Jamaica was significantly impacted, the storm missed Martinique, St. Lucia, the Caymans, densely populated centers on the Yucatan Peninsula and Mexico oil production areas.
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