Claims News Service, Sept. 28, 3:32 p.m. EDT — EQECAT, a risk-modeling firm, stated in a press release that, based upon current post-landfall information provided by the National Hurricane Center about Hurricane Rita, estimated insured losses from wind damage could range from $3 billion to $6 billion.
The reduction in insured loss value from EQECAT's pre-landfall preliminary estimate, reflects a weakening of storm intensity relative to earlier forecasts, and that the storm path was east of forecasts, affecting an area with a lower density of values at risk.
The EQECAT estimate is based upon landfall just east of the Texas/Louisiana border, with maximum sustained winds of 120 mph.
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