Hurricane Florence caused between $2.8 billion and $5 billion in insured losses when it blew into North Carolina earlier this month, according to an estimate from global risk modeling firm RMS.
Wind alone caused damage worth between $1.3 billion and $2.6 billion, with storm-surge and inland flooding damages totaling between $700 million and $1.2 billion. The company's Monday estimates also include losses to the National Flood Insurance Program, which is expected to lose between $800 million and $1.2 billion.
These estimations include property damage and business interruption in residential, commercial, industrial and automobile businesses. That also includes damage to infrastructure and blocked access to damaged areas, which delay businesses reopening and prevent residents from returning.