Hurricane Felix crashed through Nicaragua and Honduras as the year's second Category 5 storm, and weather experts said that makes 2007 an unusual hurricane season.
Risk Management Solutions in Newark, Calif. estimated insured losses from the storm would be less than $200 million. Despite being a maximum-strength storm, the small population affected combined with relative poverty and low insurance penetration in the area means the economic loss will be low, though the humanitarian cost will be high, the firm said.
Claire Souch, senior director of model management at RMS, noted in an earlier statement that, “This is only the fourth year since 1950 that we've had more than one Category 5 storm, and it is unprecedented for the first two hurricanes of the season to reach this level of intensity.”
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