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State: Insurance losses post-Irma near $2 billion

State regulators have received notice of more than 335,000 insurance claims since Hurricane Irma hit Florida, mostly concentrated in Central and South Florida, with losses nearing $2 billion.

The bottom line as of 4 p.m. Sunday was 335,347 claims, according to the Office of Insurance Regulation. Total estimated insurance losses were $1,954,947,889.

The data were based on claims information provided by insurers, and the office had yet to audit or verify the figures.

Thirteen counties accounted for more than 10,000 claims each. They included Broward, Collier, Lee, Miami-Dade, and Palm Beach. Monroe County, although hard hit, posted between 5,001 and 10,000 claims.

In Central Florida, the bulk of the claims came from Brevard, Lake, Orange, Osceola, Polk, Seminole, and Volusia counties. Highlands, Hillsborough, and Pinellas counties reported between 5,001 and 10,000 claims.

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In North Florida, Duval County also reported more than 10,000 claims.

Meanwhile, Citizens Property Insurance Corp. said it had received 27,970 claims as of 9 a.m. Monday.

Statewide, insurers had already paid off 9,420 claims involving residential, commercial, private flood, business interruption, and other lines, the insurance office said.

Written By

Michael Moline is a former assistant managing editor of The National Law Journal and managing editor of the San Francisco Daily Journal. Previously, he reported on politics and the courts in Tallahassee for United Press International. He is a graduate of Florida State University, where he served as editor of the Florida Flambeau. His family’s roots in Jackson County date back many generations.

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