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Hurricane could produce over $50bn of losses says III.

A hurricane hitting central Miami, Florida, could produce insured losses of over $50bn, the Insuranc...

A hurricane hitting central Miami, Florida, could produce insured
losses of over $50bn, the Insurance Information Institute (III) of the US
has warned. A decade after Hurricane Andrew hit Florida and the Bahamas -
the costliest natural disaster in history with insured losses of $20bn in
today's prices - the III has warned that many businesses and homeowners
are still ill-prepared for the effect of hurricanes.
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