The Extreme Event Solutions group at Verisk estimates insured losses due to wind, storm surge and flood in the U.S. for Hurricane Helene will range between $6 billion to $11 billion. This figure does not include NFIP losses.

See related article: The Latest Hurricane Helene Insured Loss Estimates: Totals Move Higher

Helene made landfall on September 26 near Perry, Fla., as a Category 4 hurricane with maximum sustained winds of 140 mph. This makes Helene the strongest hurricane to make landfall in the Big Bend region in recorded history, Verisk noted.

Rainfall from Hurricane Helene caused inland flooding that stretched from Florida to Tennessee. Asheville, N.C., which was the worst hit, received 13.98 inches of rain in three days.

“The devastation and loss of life caused by Hurricane Helene is truly heartbreaking,” said Rob Newbold, president of Verisk Extreme Event Solutions, in a statement. “This event is a reminder to the insurance industry to remain diligent in efforts to learn from and understand the profound impacts of catastrophes.”

Verisk noted that its loss estimates also do not include storm surge or inland flood losses paid on wind-only policies due to government intervention, or losses to inland marine, ocean-going marine cargo and hull, pleasure boats, uninsured properties and infrastructure.

Verisk said it is actively monitoring Hurricane Milton, which is expected to make landfall in Florida Wednesday night. The storm is currently a Category 5 hurricane, though it is forecast to weaken before making landfall.