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Sources told this publication the hull of the aircraft is valued at $80mn.
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The protection gap is calling into question the relevance of the insurance industry.
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In April, the loss modeller pegged losses at A$2.57bn.
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The carrier said it is disappointed with the English High Court’s decision.
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The UK High Court has ruled in favour of lessors in the multi-billion-dollar dispute.
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Future claims handlers could be "bionic adjusters” empowered by technology.
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The London market is not expected to shoulder the bulk of the eventual loss.
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The loss has decreased by 0.3% since the company’s third assessment.
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The number has expanded by around 40% from an earlier update, sources said.
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The modeller said the insurance market could be exposed to unexpected aggregations.
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The latest update brings the agency’s combined estimate for Milton and Helene to $32.4bn.
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The increased tariff on China trade could drive up the loss quantum on the SharkNinja recall and others.