NU Online News Service, Jan. 12, 12:53 p.m. EST
Three Bermuda-based insurers have chimed in with loss estimates related to flooding in Thailand, adding perspective to what market experts call a $10 billion-plus loss event.
XL Group says is initial loss estimate for the flooding in Thailand—which began last summer but peaked during the 2011 fourth quarter—is between $135 million and $185 million.
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