Boston-based catastrophe risk modeling firm AIR Worldwide lowered its estimate on insured losses from Hurricane Dolly to a range between $350 million and $700 million.
After Dolly struck the Texas and Mexico border on Wednesday, AIR issued an initial insured loss estimate ranging from $300 million to $1.2 billion.
AIR said it revised the loss estimate to the low end after Dolly tracked inland on the northern edge of the range of forecast tracks issued by the National Hurricane Center at the time of landfall.
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