Irene May Cost Insurers as Much as $400 Million in Carolinas

Hurricane Irene may cost insurers $200 million to $400 million in losses in North Carolina and South Carolina, according to catastrophe risk-modeler Eqecat.

The firm provided the information today in an e-mailed statement.

To contact the reporter on this story: Noah Buhayar in New York at nbuhayar@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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