A state insurance group has said on Friday that the damage caused by Hurricane Irma on French islands in the Caribbean has been estimated to be “much higher” than 200 million euros ($2.4 million).

Bertrand Labilloy, head of the Caisse Centrale de Réassurance (CCR) which specializes in natural disasters, said hurricanes typically caused around 100-200 million euros worth of damage on the French islands.

“But Irma is much more powerful… so you should expect the figure to be much higher than this,” he told CNews channel.

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