Claims News Service, Sept. 11, 2:52 p.m. EST — Damage wreaked by Hurricane Ike in the popular Turks & Caicos Islands and Bahamas is estimated to range between $50 million and $200 million, according to analysis by Risk Management Solutions (RMS), the world’s leading catastrophe risk experts. This loss is due to wind and storm surge damage, as well as loss amplification, where pressure on the supply of goods and services drives up prices.

Grand Turk Island bore the brunt of Ike’s winds and storm surge, and accounts for more than 70% – or $35 million to $140 million – of the total loss. Reports indicate 90 percent of all properties had wind damage. Around 20% of the total loss can be allocated to the south-eastern Bahamas, with the rest coming from the North and South Caicos Islands.

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