Hurricane Michael Insurance Losses Top $4.65B In Florida

With the number of claims continuing to increase, estimated insured losses from October’s Hurricane Michael have topped $4.65 billion, according to information posted on the state Office of Insurance Regulation website. As of Dec. 21, the latest figures available, 134,656 Michael-related claims had been filed, with estimated losses at nearly $4.654 billion. That was up from 131,562 claims and $4.28 billion in estimated losses as of Dec. 7. Hurricane Michael made landfall Oct. 10 as a Category 4 storm in Mexico Beach in southeastern Bay County and caused massive damage in Panama City and areas such as Blountstown and Marianna as it continued north into Georgia.