Hurricane Milton's insured losses could range from $30 billion to $50 billion, but it's far from analysts' "worst-case scenario" of $100 billion.

Milton spread destruction across Florida overnight, whipping up tornadoes in areas not accustomed to such ferocity and cutting power for more than 3.3 million energy customers. The storm killed at least 12 people and put 11 million at risk of flooding.

Hurricane Milton is forecast to retain major hurricane status and expand in size as it approaches the west coast of Florida, the National Hurricane Center said Tuesday. Milton was located about 520 miles southwest of Tampa,