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Insured losses from Haiyan could reach $700m

Storm warning

AIR Worldwide has estimated insured losses from super typhoon Haiyan at between $300m (£185m) and $700m.

The catastrophe modelling firm has estimated total damage to residential, commercial and agricultural properties as between $6.5bn and $14.5bn.

Peter Sousounis, AIR Worldwide senior principal

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