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Flagstone Re expects $10-15bn total insured industry losses from Hurricane Ike

Bermuda-headquarted reinsurer Flagstone Re said today that their preliminary analysis estimates that total onshore insured industry losses from Hurricane Ike could range from $10-15bn.

Flagstone uses a proprietary modeling system and process, Quartz LiveCat, to estimate the potential storm track and level of onshore insured losses before and immediately after Atlantic storms.On

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