TALLAHASSEE (CBSMiami/NEWS SERVICE OF FLORIDA) – Insured losses from Hurricane Michael could go as high as $4.5 billion, with the largest amount in residential losses, according to an early estimate by an insurance industry group.READ MORE: Deadly Shooting Investigated In NW Miami
The Property Casualty Insurers Association of America released the estimate, which put potential losses at $2 billion to $4.5 billion.
Residential losses were estimated at $1.5 billion to $3 billion.READ MORE: 'Love Is Love Part II' Mural Unveiled In Honor Of Pride Month
The estimates also do not include losses in the National Flood Insurance Program.MORE NEWS: What To Do To Stay Safe Around Water This Summer At The Pool Or Beach
Michael made landfall midday Wednesday in the Panhandle community of Mexico Beach. Michael had 155 mph maximum sustained winds, the strongest ever recorded in the region.