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September 02, 2004

Frances Could Be Most Costly Storm

Less than a month after Hurricane Charley became one of the most expensive storms in the nation's history, Hurricane Frances could be ready to become the most costly, according to one forecast.

Michael Lewis, insurance analyst for investment bank UBS, warned in a note Wednesday that Frances, which is expected to reach the United States coast sometime Saturday, "has the potential to exceed the insured losses of Hurricane Andrew."

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Posted by Tom Troceen


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