Hurricane Gonzalo's damages in Bermuda estimated at up to $200 million

By Barbara Liston (Reuters) - Hurricane Gonzalo caused between $200 million and $400 million in insured losses over the weekend on Bermuda, according to an estimate by AIR Worldwide, a Boston-based catastrophe modeling company. The large eye of the storm containing calm air passed directly over the tiny island chain of 65,000 inhabitants on Friday, reducing the time the British territory was exposed to hurricane-force winds and limiting potential damage, AIR said in its estimate, which was released late Wednesday. ... Read More http://ift.tt/1zmwiJC