Moat apparently targeted Aiming Rathband randomly , simply for being a police officer , although on an earlier occasion Rathband had confiscated Rewards_and_punishments Moat 's van on the suspicion that it was not insured Imposing_obligation .

The damage bill has been estimated at A $ 4 billion ( or $ billion today , adjusted Cause_change_of_position_on_a_scale for inflation ) , including an insured loss Earnings_and_losses of about $ 1 billion ( or $ billion today ) .

It was discovered Know during the award ceremony that tournament winner Fong , a student at De Anza College , would not be able to drive Motion his prize as he was not insured for such a vehicle .

Catastrophe modelling firms estimated that Bermuda suffered Bodily_harm at least $ 200 million in insured losses Earnings_and_losses , and despite the heavy disruptions , no deaths Death or serious injuries Bodily_harm were reported Reporting there .

The total insured loss was about £1.7 billion ( $ 3.4 billion ) , making it one of the costliest man-made catastrophes ever .

Insurable damage Damaging was estimated Statement at C $ 750 million , making it Causation the second costliest insured disaster Catastrophe in the country 's history at the time .

Early estimates placed insured losses Earnings_and_losses from the earthquake alone at US $ 14.5 to $ 34.6 billion .