Risk Management Solutions (RMS), the catastrophe modeling firm, said yesterday it has increased its estimate for U.S. insured losses from Hurricane Wilma to $8-to-$12 billion from an original estimate of $6-to-$10 billion.

The Newark, Calif.-based company said its estimate includes onshore damage resulting from wind and coastal storm surge, business interruption, and demand surge, the increased costs for materials and services needed for repairs.

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