These advances will affect loss mitigation for complex construction and property risks in the future.

Insured losses range from $2.2 billion to $6.8 billion for the U.S. and from $600 million to $2 billion for the Caribbean.

Hurricane Matthew caused devastating inland flooding because of heavy rains across multiple states, including record rainfall amounts in parts of North Carolina.

U.S. property-casualty insurers fell for a third time in four days as Hurricane Matthew approached Florida.