Karen Clark puts Nate loss at $500mn

Modelling firm Karen Clark & Company (KCC) has estimated
that insured losses from Hurricane Nate will be close to
$500mn.
The loss figure includes insured wind and storm surge damage for
residential, commercial and auto lines.
Nate struck the Louisiana and Mississippi coast in the early
hours of Sunday morning as a Category 1 hurricane. The storm
skimmed the peninsula south of New Orleans, near Venice, Louisiana,
before making landfall at Biloxi, Mississippi.
KCC said the storm dissipated ra