NU Online News Service, Feb. 4, 11:25 p.m. EST

Catastrophe modeler AIR Worldwide said insured losses from Cyclone Yasi in Australia will be between $354 million and $1.5 billion.

Meanwhile, forecasting service Tropical Storm Risk (TSR) said total insurance damage from Yasi will be about $3.6 billion.

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Catastrophe & Restoration