The Florida Office of Insurance Regulation (“FOIR”) has updated its Hurricane Michael claims figures and now estimates total insured losses at $6,906,918,311.
As of Friday, July 26, 2019, the FOIR is reporting that 148,347 claims have been filed with insurers.
The vast majority of claims – 98,321 – relate to residential property; 84.9 percent of those claims have been closed.
The FOIR reported the following data as of Friday, July 26, 2019.
| Lines of Business | Number of Claims | Closed Claims (paid) | Closed Claims (not paid) | Number Claims Open | Percent Claims Closed |
| Residential Property | 98,321 | 70,104 | 13,326 | 14,891 | 84.9% |
| Homeowners | 72,228 | 50,137 | 10,127 | 11,964 | 83.4% |
| Dwelling | 15,825 | 11,287 | 2,397 | 2,141 | 86.5% |
| Mobile Homeowners | 9,374 | 8,178 | 649 | 547 | 94.2% |
| Commercial Residential | 894 | 502 | 153 | 239 | 73.3% |
| Commercial Property | 11,061 | 4,482 | 2,425 | 4,154 | 62.4% |
| Private Flood | 233 | 159 | 49 | 25 | 89.3% |
| Business Interruption | 954 | 359 | 241 | 354 | 62.9% |
| Other Lines of Business* | 37,778 | 32,526 | 4,192 | 1,060 | 97.2% |
| TOTALS | 148,347 | 107,630 | 20,233 | 20,484 | 86.2% |
Steven A. Meyerowitz
Steven A. Meyerowitz, a Harvard Law School graduate, is the founder and president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. He may be contacted at [email protected].