Catastrophe modelers say Tropical Storm Hanna should not be a significant insurance loss event for the industry as attention turns to Hurricane Ike that is predicted to hit the U.S. Gulf Coast by this weekend.

From an insurance loss standpoint, Steve E. Smith, president of Property Solutions, Carvill ReAdvisory, a reinsurance brokerage, in Chicago, told National Underwriter that "I would be shocked if it turned out to be significant. I do not see any major impact from this one."

AIR Worldwide in Boston said that insured losses resulting from the storm were expected to be insignificant.

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