An insurance modeling firm said it estimates insured wind losses from Hurricane Humberto, which stormed into Texas last week, should not exceed $200 million, the lowest estimate given so far.
Boston-based AIR Worldwide Corp. said its projection covers insured wind losses to property, contents, business interruption and additional living expenses for onshore properties.
Humberto on Sept. 13 increased from a tropical storm to one with hurricane-level winds in 12 hours off the coast of Texas. The Category 1 hurricane swept in just north of Galveston, Texas, and continued into Louisiana with heavy rains that caused flooding and power outages for more than 100,000 customers.
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