Karl insured losses up to $200M in Mexico: Modeler

Hurricane Karl is expected to cost insurers $100 million to $200 million in losses from heavy flooding and wind damage in Mexico, catastrophe modeling company AIR Worldwide Corp. estimated. The Category 3 storm caused rivers and canals to flood large portions of Veracruz, Mexico, after Karl made its second landfall on Sept. 17, Boston-based AIR said Tuesday.