Irene Causes Up to $400M Carolinas Losses: EQECAT

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Hurricane Irene caused between $200 million and $400 million in insured losses in the Carolinas, catastrophe modeling company EQECAT said on Sunday.

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EQECAT said the bulk of the losses came from North Carolina. Its estimate only covered the Carolinas; further estimates on the rest of the U.S. East Coast are expected Monday. (Reporting by Ben Berkowitz; Editing by Eric Beech)