NU Online News Service, Dec. 6, 12:54 p.m. EST
Catastrophe modeler Risk Management Solutions says insured losses from the 2011 Atlantic hurricane season will be about $5 billion.
A majority of the losses will be generated by Hurricane Irene, which affected 14 states on the East Coast late in August. North Carolina, New Jersey and New York will take the brunt of the losses from Irene, RMS says.
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