Florida’s Hurricane Irma Claims Reach $5.5 Billion

The price tag for damage from Hurricane Irma in Florida continues to grow. In the eight weeks since Irma rampaged through the state, the estimated insured losses from property owners now stands at $5.55 billion, according to an updated report Monday from the Florida Office of Insurance Regulation. But the number of filings and damage estimates are slowing.
The state agency said 809,306 owners of residential and commercial properties statewide had submitted claims to insurers as of the end of last week, an increase of 13,336 over the week. Total estimated losses actually decreased by $11 million, as more claims were closed without payment.