Insight and Intelligence on the London & International Insurance Markets

25 February 2018

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Irma insured loss nears $8bn in Florida as claims rise

Ted Bunker 12 February 2018

Claims to cover damage related to Hurricane Irma in Florida have surpassed 900,000 while estimated insured losses now total nearly $8bn, the state Office of Insurance Regulation said today.

Based on data collected through last week, the state said the number of claims rose to 900,228 as of 9 February while the estimated total of insured losses climbed about 10 percent to $7.95bn.

Almost 86 percent of claims filed have been closed with no payment made on about a third...

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