(Bloomberg) – Chubb Ltd. said losses from Hurricanes Harvey and Irma could total as much as $1.3 billion after taxes.

Harvey, which hit Texas in August and caused flooding in Houston, will cost the insurer about $520 million, the company said Wednesday in a statement.

Claims expenses from Irma, the storm that slammed southern Florida earlier this month, could be $640 million to $760 million. Those figures dwarf the $107 million in after-tax catastrophe losses the insurer took during the third quarter of 2016.

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