Hurricane Michael has resulted in almost $1 billion of insurance claims already, based on data filed by insurers and collected by local regulator the Florida Office of Insurance Regulation (FLOIR). As of Friday 19th October the number of claims filed and reported to the FLOIR had reached almost 85,500, from which the regulator estimates insured losses as currently just below $950 million. But that’s based on only 8% of filed claims being closed and with more than 78,000 hurricane Michael claims still open there is a long way to go before the final tally is counted.