AIR Worldwide estimates insurable losses in Mexico from hurricane Alex not to exceed 200 million USD
Catastrophe risk modeling firm AIR Worldwide (AIR) estimates that insurable losses (losses from properties that are eligible for insurance, whether or not they are actually insured) from Hurricane Alex which crashed into northeastern Mexico as a strong Category 2 hurricane on 30 June 2010 are not expected to exceed $200 million USD. This loss estimate covers possible wind and flood damage to onshore properties in Mexico and is based on the available meteorological parameters and the forecast track for Hurricane Alex.