NU Online News Service, Oct. 14, 1:26 p.m.EDT
|Losses from Hurricane Jova, which struck the Pacific coastof Mexico this week, are estimated to be less than $52 million,says catastrophe modeler AIR Worldwide in Boston.
|The storm struck the Mexico states of Colima and Jalisco as acategory 2 storm which weakened quickly, but produced more than twofoot of rain in some areas and serious flooding and mudslides, AIRsays.
|“Jova passed within 15 miles to the east of Puerto Vallarta, apopular resort city with a population of more than 250,000,” saysTim Doggett, principal scientist at AIR in a statement. “Because ofits reduced wind speeds by that point (maximum sustained of 65 mph,which put it at tropical storm strength), and the fact that PuertoVallarta was on the weaker, left side of the storm, the city wasspared from significant wind and flood damage.”
|Reuters reported that the storm claimed four lives and forced thousandsto evacuate. Several towns were cut-off because of flooding.
|AIR says wind damage was minimal because many structures areconstructed of confined masonry. The take-up rate, or percentage ofproperties actually insured for residential properties, is very lowin the residential areas of Manzanillo and Puerto Vallarta,estimated at around 5 percent.
|On the other hand, commercial take-up is estimated at around 70percent and automobiles at 100 percent.
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