The Florida Office of Insurance Regulation (“FOIR”) has updated its Hurricane Michael claims figures and it now estimates that total insured losses top $6.61 billion.
As of May 31, the FOIR is reporting that over 147,000 claims have been filed with insurers.
The vast majority of claims – over 97,000 – relate to residential property; 82.8 percent of those claims have been closed.
The FOIR reported the following data as of Friday, May 31, 2019:
| Lines of Business | Number of Claims | Closed Claims (paid) | Closed Claims (not paid) | Number Claims Open | Percent Claims Closed |
| Residential Property | 97,484 | 67,679 | 13,169 | 16,636 | 82.9% |
| Homeowners | 71,618 | 48,307 | 10,017 | 13,294 | 81.4% |
| Dwelling | 15,661 | 10,888 | 2,371 | 2,402 | 84.7% |
| Mobile Homeowners | 9,317 | 8,012 | 634 | 671 | 92.8% |
| Commercial Residential | 888 | 472 | 147 | 269 | 69.7% |
| Commercial Property | 11,121 | 4,039 | 2,345 | 4,737 | 57.4% |
| Private Flood | 231 | 152 | 47 | 32 | 86.1% |
| Business Interruption | 861 | 264 | 174 | 423 | 50.9% |
| Other Lines of Business* | 37,628 | 32,065 | 4,197 | 1,366 | 96.4% |
| TOTALS | 147,325 | 104,199 | 19,932 | 23,194 | 84.3% |
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].