Hurricane Dean Could Cost $1.5 Billion

Insured losses from Hurricane Dean will range from $750 million to $1.5 billion, according to Risk Management Solutions, quoted in Lloyd's List. The bulk of the damage -- and financial loss -- is in Jamaica, which Hurricane Dean passed as a Category 4 monster on its way through the Caribbean.

Losses in Mexico -- at least on the hurricane's first landfall in the country -- are expected to reach about $300 million. Despite making landfall as a Category 5 storm -- the first Atlantic hurricane to reach that strength in years, and one of the 10 most powerful ever recorded -- the storm hit sparsely populated jungle, limiting the losses.

Related Stories
Hurricane Dean Cuts Worldwide Oil Production 3%
Experts Upgrade Atlantic Hurricane Forecast
The 10 Mega Hurricanes Of 2007: Interactive Map
Hurricane Preparedness Goes Green

Read The Storm Pundit
Hurricane Dean 1 Of 10 Most Intense Atlantic Hurricanes Ever Recorded
A Little Luck With Hurricane Dean?
Category 5? Hurricane Dean And Gilbert of 1988
Nothing But Land to Stop Hurricane Dean ... or Supertyphoon Sepat
Farewell Hurricane Flossie -- Hello Tropical Storm Dean
Hurricane Flossie: The Un-Forecastable
Hurricane Forecasts, Fulminations And Flossie
2007 Hurricane Season: Don't Get Too Comfortable

Your Photos of Hurricane Dean
Hurricane Dean: Through a Fisheye Lens
Hurricane Dean: Dominican Republic
Hurricane Dean: Palm Trees and Waves
Hurricane Dean: Watching the Waves
Hurricane Dean: Palm Trees in The Dominican Republic
Hurricane Dean: Folded Palm
Hurricane Dean: Hits Martinique

COMMENTS ()