The Guy Carpenter reinsurance brokerage, citing published reports, said the terrorists' attacks on Mumbai could represent an insured loss of up to $600 million for property claims.

In a "RISK-i" report on its Cat Central site, the firm noted that sites in the city that were hit included two luxury establishments–the Taj Mahal Hotel and Oberoi Hotel–along with the popular Leopold Caf?, Chhattrapati Shivaji (a major railway station), Cama hospital and the Nariman House Jewish Center, which were badly damaged by explosions, fire and gun battles.

Guy Carpenter said the 565-room Taj Mahal Palace and Tower Hotel, damaged by sporadic fires, is owned by the Tata Group, which has vowed to rebuild the damaged areas of the building.

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