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.
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