The Florida Office of Insurance Regulation ("FOIR") has updated its Hurricane Michael claims figures and now estimates total insured losses at more than $7 billion.
As of Friday, September 27, 2019, the FOIR is reporting that 149,448 claims – including nearly 100,000 residential property claims – have been filed with insurers.
The vast majority of the claims – 99,208 – relate to residential property; 87.5 percent of those claims have been closed.
The FOIR reported the following data as of Friday, September 27, 2019.
| Lines of Business | Number of Claims Reported | Claims Closed with Payment | Claims Closed without Payment | Number of Open Claims | Percent of Claims Closed |
| Residential Property | 99,208 | 73,001 | 13,825 | 12,382 | 87.5% |
| Homeowners | 72,924 | 52,465 | 10,526 | 9,933 | 86.4% |
| Dwelling | 15,953 | 11,723 | 2,453 | 1,777 | 88.9% |
| Mobile Homeowners | 9,413 | 8,312 | 666 | 435 | 95.4% |
| Commercial Residential | 918 | 501 | 180 | 237 | 74.2% |
| Commercial Property | 11,123 | 4,687 | 2,663 | 3,773 | 66.1% |
| Private Flood | 240 | 174 | 52 | 14 | 94.2% |
| Business Interruption | 860 | 284 | 288 | 288 | 66.5% |
| Other Lines of Business* | 38,017 | 32,833 | 4,294 | 890 | 97.7% |
| TOTALS | 149,448 | 110,979 | 21,122 | 17,347 | 88.4% |
Total Estimated Insured Losses: $7,158,922,772
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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].