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UPDATE 2-Insurance industry estimates hurricanes losses.

The America's Intelligence Wire

| September 07, 2004 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From CBS Marketwatch (Stories))

Byline: David Haffenreffer, Susan Lisovicz, Louise Schiavone

LONDON (CBS.MW) -- Hurricane Frances, the second hurricane to hit Florida in a month, will cost insurers between $2 billion and $10 billion, according to the most recent estimates from the industry's leading catastrophe modeling firms.

Frances ploughed across southern and central Florida on Sunday, killing several people before turning north in the Gulf of Mexico and coming ashore for a second time in the Florida panhandle and moving into Georgia as a tropical storm.

Risk Management Solutions said Monday that insured losses from Frances will be…

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