NU Online News Service, Aug. 21, 2:55 p.m. EDT
A new report by Karen Clark & Co. says storms capable of major losses are not as infrequent as we might assume. In fact, the United States can anticipate insured losses of at least $10 billion from a hurricane an average of every four years, based on an analysis of more than a century of hurricane experience.
Using a new methodology, Clark's firm ran nearly 180 U.S land-falling hurricanes through a formula to determine which storms would likely cause at least $10 billion of insured losses if they were to strike today.
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