The Florida Office of Insurance Regulation (“OIR”) has updated its report on the number of insurance claims filed from Hurricane Irma, and the amount of insured losses.
As of August 13, 2018, the OIR said, 997,237 claims had been filed. The vast majority of the claims were residential – 839,570. There were 59,987 commercial property claims.
According to the OIR, 91.7 percent of the filed claims had been closed. The OIR said that 82,449 claims remained open, down from 92,513 claims that remained open in mid-June.
The OIR estimated total insured losses at $10,455,503,448, up from its prior estimate of $9,701,252,056.
The OIR has scheduled one additional data call for Hurricane Irma claims reporting. Companies are required to report on October 15 and the OIR said that it will release the aggregate data after the submission. The OIR added that it will determine if additional data calls are necessary following the October 15 report.
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Steven A. Meyerowitz
Steven A. Meyerowitz, a Harvard Law School graduate, is the founder and president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. He may be contacted at [email protected].