By comparison, the four powerful hurricanes that hit Florida last year cost insurance companies $23 billion.
If no hurricane hit Florida, then the investors would make a healthy return on their investment.
This was the second discovered, and provides an indication for the behavior of storms that will move north to hit Florida.
But it had paid back its borrowing with interest and was running a surplus until four hurricanes hit Florida in 2004.
But he's willing to do whatever it takes, even hitting Florida in the off-season.
A second tropical storm would also hit Florida later in the month.
Before the storm hit Florida, three people were reported killed in Cuba.
The storm was the second to hit Florida in just over 24 hours.
The previous industry record for natural disasters was a little more than $27 billion last year, when four powerful hurricanes hit Florida.
You think about the hurricanes that hit Florida last year.