With Almost 3/4 Of Hurricane Michael Claims Closed, Estimated Insured Losses Top $5B In Florida
Wednesday, January 16th, 2019 Catastrophe PropertyA little more than three months after Hurricane Michael smashed through parts of Northwest Florida, estimated insured losses have topped $5 billion, according to numbers posted Monday on the state Division of Elections website. As of Friday, insurers had reported 141,039 claims from the Oct. 10 storm, with estimated insured losses of $5.023 billion. Nearly 73 percent of claims had been closed from the Category 4 hurricane, which made landfall in Mexico Beach and caused massive damage in communities such as Panama City, Blountstown and Marianna. Gov. Ron DeSantis said Monday he will return to the region Wednesday to tour storm damage and is expected to be joined by Federal Emergency Management Agency Administrator Brock Long.
External References & Further Reading
https://miami.cbslocal.com/2019/01/14/hurricane-michael-insured-losses-top-5-billion/
