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Insurance Claims From Irma Continue to Climb, but Still far Below Projections


Date: October 09, 2017
Source: The Capitolist
Author:  John Locus


The number and amount of insurance claims filed in Florida in the aftermath of Hurricane Irma continue to mount.

New numbers released Monday by the Florida Office of Insurance Regulation shows 703,671 claims had been filed as of Friday with a total amount of estimated insured losses standing at $4.57 billion.

Miami-Dade County continues to lead the list with 87,344 claims filed. Orange County has the second highest number of reported claims with 57,670.

Broward County with 56,977, Lee with 52,821 and Collier with 48,094, round out the top five counties in the number of claims filed.

Monroe County, where Irma made the first of two landfalls in Florida, reported 24,407 claims.

Nearly a quarter of the claims filed in Florida have been closed. Of the number of claims closed, 103,944 were reported as paid, while 69,432 were reported as ‘not paid.’

It’s been almost a month since Irma first made landfall in the Keys before moving up the west side of the peninsula touching just about every part of the state.

The total amount of insurance claims is well below some of the estimates of losses that were projected just after the storm. Insurance industry officials have said that’s due to a lack of structural damage than what was anticipated.