Monday, July 28th, 2008 — Catastrophe risk specialist RMS says the insurance bill for damage from Hurricane Dolly, which hit Southwest Texas on July 23, may go as high as $750 million, while Boston-based AIR Worldwide estimates damages to come in between $350 million and $700 million for Texas and Mexico combined. AIR says the price tag for insured damages in the U.S. alone may reach $600 million.