State-backed Citizens Property Insurance Corp. projects an estimate of 100,000 claims from Hurricane Ian, according to Floridarealtors.org. So far, Citizens has received 47,248 claims. That number is less than what Citizens originally projected at more than 225,000 claims. The insurer said it still expects to see total losses between $2.3 and $2.6 billion. (Credit: Eva Marie Uzcategui/Bloomberg)
The damage from Hurricane Ian has made it more difficult for Florida to get control of its property insurance crisis, but one Greenberg Traurig attorney is cautiously optimistic that the effects of the hurricane won't "crater the marketplace."
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Melea VanOstrand
Melea VanOstrand oversees the Daily Business Review as ALM's Florida Bureau Chief. Email Melea at [email protected] or follow her on her Twitter or Facebook pages.
