Hurricane Milton, which hit Florida in October, caused about $25 billion in insured losses, the largest amount of insured losses from any natural disaster in 2024, according to an analysis by Munich RE, an international insurance and reinsurance company. Overall losses from Milton totaled about $38 billion, as not all losses were insured. Munich RE, which released the information Thursday, said Hurricane Helene caused the largest amount of overall losses in 2024, at $56 billion, with $16 billion in insured losses. Helene made landfall in late September in North Florida’s Taylor County before causing major damage in other states such as Georgia and North Carolina.