Weather
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Florida could face heavy rain and flooding as a result of Isaias, the National Hurricane Center (NHC) has warned.
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NFIP claims are expected to make up about $100mn of the claims tally.
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Puerto Rico, the US and British Virgin Islands and other territories are under storm warning.
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The estimate includes privately insured wind and storm surge damage to homes, commercial properties and cars, but not NFIP losses.
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The storm remained offshore but lashed Kauai with rain.
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Rainfall in some areas could lead to flooding and landslides.
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Notices of legal action jumped 65% year on year to an all-time high in H1 2020.
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Barbados and St Vincent are under hurricane watch from Gonzalo while Tropical Storm Hanna will bring heavy rain to parts of the Texas coast.
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Barbados is on a hurricane watch.
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Six-month figures beat long-term average of $20bn with North American natural disasters driving the majority of the losses.
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The storm breaks the record for the earliest seventh named storm of the season.
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Over 200 nat cat events occurred in H1 2020, topping the 20-year average.