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Re-insurer General Re Tuesday estimated total insured damage at between $15 billion and $20 billion.
The insurance industry estimates that the storm caused $1 billion in privately insured damage, but the total losses will be four to five times that much, said Robert Hartwig, chief economist for the Insurance Information Institute, an industry-financed group.
Industry estimates of total insured damage in the area now stand at $330‐million.
Catastrophe modelling companies have estimated the insured damage caused by Harvey and Irma at $50bn to $70bn £37bn-£52bn £37bn-£52bn
Extreme wind storms can occur, though, and in 1990 the Burns' Day storm resulted in 47 deaths, as well as more than £2bn of insured damage and many millions more in damage to roads, power lines and uninsured properties.
The insured damage was over four times the amount of insured damage from Typhoon Rusa the year prior.
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It killed dozens and will probably rack up well over a billion dollars in insured damages and much more in economic costs.
Still, when measured by the cost of insured damages, the far-ranging problems of Irma may prove more troublesome than even those in Andrew, which at the time was the costliest hurricane to make landfall in the United States.
Insurance companies provide information on insured damages.
It was the costliest in Australian history in insured damages, surpassing the A$1.1 billion in insured damages caused by the 1989 Newcastle earthquake.
Insured damages from Maemi were estimated at ₩650 billion (KRW, $565 million), mostly property damage.
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