Read the text below in order to answer questions 17 and 18.
U.K.'s Cox increases World Trade Center loss estimates
Cox Insurance, a leading Lloyd's underwriter and retail insurer, announced that additional claims from the WTC (World Trade Center) disaster have raised its loss estimates from $96.5 million to between $122.5 million and $180 million.
The announcement highlights the difficulty many insurers are facing in estimating the exact amount of the losses they may eventually pay as a result of the Sept. 11 attacks. More than four months after the devastation occurred, there's still a wide gulf in estimates of what the eventual cost will be. The highest figure is around $70 billion, while lower ones go down to $29 billion.
According to the author, the exact amount of the losses
is $70 billion.
has been paid by Cox Insurance.
will soon be announced.
has not been defined.
was calculated by Cox Insurance.
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