September 18, 2018 / 1:38 PM / 3 months ago

Hurricane Florence insured losses $1.7 billion to $4.6 billion: AIR Worldwide

People take cell phone photos of the flood waters in the aftermath of Hurricane Florence in Fair Bluff, North Carolina, U.S. September 18, 2018. REUTERS/Randall Hill

(Reuters) - Insured losses from winds and storm surge spurred by Hurricane Florence will range from $1.7 billion to $4.6 billion, catastrophe risk modeling firm AIR Worldwide said on Tuesday.

The estimate does not include the impact of ongoing flooding caused by the storm’s “unprecedented precipitation,” said AIR Worldwide, a Verisk Analytics Inc (VRSK.O) unit.

Reporting by Suzanne Barlyn; Editing by Chizu Nomiyama

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