According to analysis by CoreLogic, insurance property losses for both residential and commercial properties from Hurricane Matthew is estimated between $4 billion and $6 billion.
The analysis estimates that 90% of insurance claims, of the $4-6 billion, are expected to come from wind damage. Compared to previous storms (Katrina, Sandy, Floyd, etc.), the insurance estimates from Hurricane Matthew are well above estimates from Hurricanes Floyd and David, however not as sever as Hurricanes Katrina and Sandy.
Of this $4-6 billion, 90% of the insurance claims are expected to be related to wind and 10% is expected to be related to storm surge. Figure 1 below shows the insured property loss estimates for Hurricane Matthew compared with previous storms, including Hurricanes Katrina, Sandy, Floyd and David. As the data indicates, the insured loss estimate from Hurricane Matthew is well above Hurricanes Floyd and David, but well below Hurricanes Katrina and Sandy.