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Economic cost of Harvey and Irma could hit US$290b

But insurers are relieved that predictions about Irma's damage have been excessively dire

A partially submerged car in a flooded area in Coconut Grove in Miami on Sunday. Irma shifted course to Florida's Gulf Coast over the weekend, sparing Miami a direct hit, but warnings of high waters from storm surges remained in place in south and central Florida


THE combined economic cost of Hurricanes Harvey and Irma could reach US$290 billion, equivalent to 1.5 per cent of the US gross domestic product, US forecaster AccuWeather said in a report on Sunday.

The firm's chief executive and founder Joel Myers said: "We believe the...

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