HURRICANE MICHAEL LOSSES

The Florida Office of Insurance Regulation estimates insured losses from Hurricane Michael have now topped 6.9 billion dollars, up about 250 million dollars from June. Over 148,000 claims had been filed from last year’s Category 5 hurricane, which made landfall October 10th in Mexico Beach. About 20,000 claims are still unresolved and Insurance Commissioner David Altmaier expressed his concerns to Governor Ron DeSantis and the state Cabinet about the number of unresolved claims.  Bay County had over 88,000 claims, with 17 percent remaining open.

Weekly buzz