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Las Vegas Hotel Fire Could Have Been Worse

The fire that ripped through the Monte Carlo Hotel and Casino on January 25 could have been a lot worse in terms of the amount of the resulting insured loss. An expert analysis from international

By Staff Writer | Updated on February 05, 2008

The fire that ripped through the Monte Carlo Hotel and Casino on January 25 could have been a lot worse in terms of the amount of the resulting insured loss. An expert analysis from international catastrophe risk services provider, Risk Management Solutions, reported that the fire could have caused more damage had it started in a different place in the building and not contained as fast as it was.

According to RMS, This incident is one of many of possible fire scenarios; examining the risk of a fire starting in a guest room rather than the roof in a hotel of similar size and layout to the Monte Carlo when fire sprinkler systems do not function properly, illustrates how losses could have reached $75 million.

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