BOSTON—Risk modelers said Friday that they do not expect significant insured losses in the U.S. Southeast from Hurricane Earl.

In a statement, Oakland, Calif.-based EQECAT Inc. said it did not expect insured losses in North Carolina and Virginia to reach $100 million.

Separately, Boston-based AIR Worldwide Corp. said it did not expect “significant insured losses” in the two states from the storm. It noted that there had been reports of flooding along North Carolina’s Outer Banks as well as debris in roads.

“Otherwise, Earl’s winds did little structural damage to properties on North Carolina’s barrier islands, where buildings are subject to strict design requirements,” the Boston-based catastrophe modeler said in a statement. “AIR expects some damage to nonstructural elements, such as signage and awnings. The potential also exists for windborne debris to have broken windows, possibly leading to contents damage.”

In a Friday news conference, North Carolina Gov. Bev Perdue said the state had “dodged a bullet” and that many of the state’s beaches had reopened for the Labor Day weekend.

A weakened Earl moved northeast toward New England, carrying with it the potential for damage to Cape Cod and other coastal areas.

In its analysis, EQECAT noted uncertainty about the storm’s potential for damage as it approached the Northeast, but it downplayed the probability of major damage.

“The expected winds from this event are similar to a large Northeaster storm, and localized incidents of damage are expected, but widespread areas of damage are not,” EQECAT said. “If the winds onshore from this event remain as forecasted, EQECAT will not provide a loss estimate for this event.”

Earlier, AIR said that Hurricane Earl caused an estimated $50 million to $150 million in insured losses to onshore properties in the Virgin Islands, St. Martin/St. Maarten and Puerto Rico before heading toward the United States.

Also during the week, Typhoon Kimpasu hit South Korea. EQECAT estimated insured damage in the nation could range from $500 million to $2 billion.