Patricia losses not expected to top $200mn: AIR

Insured losses from Hurricane Patricia, which struck the west
coast of Mexico on Friday evening (23 October) are not expected to
exceed $200mn, according to modelling firm AIR Worldwide.
Just hours before making landfall, the hurricane was the
strongest ever recorded in the Atlantic and East Pacific ocean
basins with wind speeds of up to 200mph.
But gusts had reduced to around 165mph when it hit about
55-miles northwest of Manzanillo, which is home to more than
160,000 people.
Fortunately,...