Hurricane Wilma's impact in Florida is likely to cost insurers between $2bn and $6bn, catastrophe modelling firm Eqecat has said.
Wilma hit south west Florida as a category 3 storm packing maximum sustained winds of 125 mph on Monday morning, according to the National Weather Service (NWS).
The hurricane has since weakened to a category 2 storm with sustained winds of 110 mph, the NWS added in its latest update.
Eqecat said its loss estimate includes wind damage to commercial and residential buildings plus business interruption losses.
The estimate excludes damage to offshore oil platforms, commercial flooding, private and commercial automobiles and boats, Eqecat added.
