People enjoy the beaches and fishing pier in Naples before the arrival of Hurricane Irma into Southwest Florida on September 8, 2017 in Bonita Springs, Florida.

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People enjoy the beaches and fishing pier in Naples before the arrival of Hurricane Irma into Southwest Florida on September 8, 2017 in Bonita Springs, Florida.

Amid widespread disaster preparations, analysts expect that the government will bear the brunt of these losses, with $2 billion to $4 billion expected to fall to private insurance companies.

“According to AIR, in Florida, close to 80 percent of the total insured value is located in coastal counties, where the amount and value of exposure has been growing significantly for decades,” the report noted.

The Miami area is the Southeast’s most densely populated region, AIR noted, and since Hurricane Andrew in 1992 has maintained strict codes for hurricane damage.

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