Florida insurance regulator reports Hurricane Michael’s claims now exceed $6 billion
The vast majority of claims – over 95,000 – relate to residential property.
The Florida Office of Insurance Regulation (FOIR) has updated its Hurricane Michael claims figures and now is reporting that more than 144,000 claims have been filed with insurers, and that insured losses exceed $6 billion.
The vast majority of claims — over 95,000 — relate to residential property; 78% of those claims have been closed.
The FOIR reported the following data as of Friday, March 15, 2019:
| Lines of Business | Number of Claims | Closed Claims (paid) | Closed Claims (not paid) | Number Claims Open | Percent Claims Closed |
| Residential Property | 95,118 | 61,845 | 12,750 | 20,523 | 78.4% |
| Homeowners | 69,698 | 43,666 | 9,710 | 16,322 | 76.6% |
| Dwelling | 15,316 | 10,284 | 2,319 | 2,713 | 82.3% |
| Mobile Homeowners | 9,213 | 7,494 | 605 | 1,114 | 87.9% |
| Commercial Residential | 891 | 401 | 116 | 374 | 58.0% |
| Commercial Property | 10,771 | 2,882 | 1,841 | 6,048 | 43.8% |
| Private Flood | 231 | 134 | 58 | 39 | 83.1% |
| Business Interruption | 844 | 209 | 150 | 485 | 42.5% |
| Other Lines of Business* | 37,152 | 30,985 | 4,033 | 2,134 | 94.3% |
| TOTALS | 144,116 | 96,055 | 18,832 | 29,229 | 79.7% |
Related:
- Killers Florence, Michael banished from list of hurricane names
- Florida insurers to weather effects of Michael, analysts say
- Early insured loss estimates for Hurricane Michael are in
Steven A. Meyerowitz, Esq., is director of the Insurance Coverage Law Center (formerly FC&S Legal). He can be reached at smeyerowitz@meyerowitzcommunications.com.