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Hurricanes to coast Lloyd's £1.3bn
while industry losses from hurricanes gustav and ike are likely to exceed initial forecasts, the claims to lloyd's will be manageable and in the normal course of business, said lloyd's chief executive richard ward .
the two hurricanes caused widespread damage when they hit the caribbean and the us last month .
insurancome market lloyd's of london has said it estimates the damage caused by hurricanes gustav and ike will cost it Â1.3bn ($2.34bn) in claims .