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The storm has also struck areas of Alabama still struggling to recover from Hurricane Sally after its Category 2 landfall in Louisiana yesterday. -
New Orleans may fall outside the strongest winds but the storm's possible track has drawn closer to the urban centre.
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The storm has gained strength after earlier forecasts put it at a Cat 1 landfall strike.
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The storm is predicted to hit “at or near” hurricane strength before continuing northwest.
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Forecasts point to landfall on the Louisiana/Mississippi border, bringing rain and possible flash flooding.
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The storm is forecast to bring heavy rainfall and possible flash flooding when it arrives in the US early on Wednesday morning local time.
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The East Troublesome and Cameron Peak fires are two of the largest blazes in the state, with fears they could merge.
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Around 95% of the loss was property damage, mainly residential.
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Claims forecasts have so far fallen in line with loss expectations well below $5bn.
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The modelling firm estimated $950mn would come from US losses, with $300mn in Mexico.
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A report by the reinsurance broker says that just over $3bn of insured losses occurred in Iowa.
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The NHC emphasised uncertainty over the intensity outlook for the storm's Gulf Coast landfall.
