Hurricane Dorian, which pummeled the Bahamas, could cost the country $7 billion in insured and uninsured losses, according to an estimate from risk modeler Karen Clark & Co.
The preliminary estimate combines damage to commercial, residential and industrial properties as well as business-interruption expenses, the company said in a report Thursday.
The figure doesnt include vehicle losses or damage to infrastructure.
Dorian swept over the Bahamas as a Category 5 storm, killing at least 20 people on Abaco Island, and is bearing down on the Carolinas as a Category 3.