USA - Re/insurance will cover almost a quarter of $17bn Florence losses

Economic losses from Florence were driven by a combination of both direct and indirect damages, with losses to businesses, housing and agriculture driving approximately 80% of the total loss estimate, according to the report.

The impact on businesses and non-profits in North Carolina is currently estimated at around $5.7 billion, with over 3,800 properties incurring water damage and more than 23,000 incurring wind damages.