By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

INSURERS ESTIMATE $90 MILLION TOTAL LOSSES

THE BAHAMIAN general insurance industry is likely to incur around $90 million in insured losses as a result of Hurricane Irene, a leading executive said, with his company aiming to process "80 per cent-plus of claims" within six-eight weeks.

Patrick Ward, president and chief executive of Bahamas First, told Tribune Business that he, too, believed the level and volume of Hurricane Irene-related property and casualty claims would be below the 'couple of hundred million' that the industry paid out as a result of Hurricane Frances in 2004.

And he described ...

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