Hurricane Wilma is expected to create between $2 billion and $10 billion in insured losses, according to catastrophe modelers.

The storm arrived in Florida as one of the latest in a record season that has seen 22 named storms, a record according to the National Weather Service (NWS).

Hurricane Wilma hit Florida this morning after battering Mexico's Yucatan peninsula and resorts for a full day leaving that country with a $1 billion to $3 billion insured loss, according to Oakland, Calif.-based Eqecat.

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