Ike could cost insurers up to $14BN

Tuesday, September 23rd, 2008 Auto Catastrophe Property

Hurricane Ike will cost the global insurance industry up to $14 billion, Swiss Reinsurance Co. said Tuesday. Ike caused widespread damage in Cuba and the Texas Gulf coast earlier this month. Insured losses from the hurricane are estimated to be between $7 billion and $14 billion, Swiss Re said.

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http://www.forbes.com/feeds/ap/2008/09/23/ap5457676.html

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