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lorida Gov. Rick Scott picks up fallen branches to put into the back of a truck Wednesday, Sept. 7, 2016 during a debris cleanup from Hurricane Hermine in Indian Head Acres in Tallahassee, Fla. (AP Photo/Phil Sears)

(Bloomberg) – Hermine, the first hurricane to strike Florida since 2005, probably caused less than $400 million in insured damage, according to risk-modeling company RMS.

As much as 70 percent of the expense will be tied to residential properties, and insurers will also pay claims related to business interruption and vehicle damage, RMS said in a statement Monday.

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