Hurricane Michael Insurance Losses Top $4.65 Billion
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TALLAHASSEE (CBSMiami/NEWS SERVICE OF FLORIDA) - With the number of claims continuing to increase, estimated insured losses from October's Hurricane Michael have topped $4.65 billion, according to information posted on the state Office of Insurance Regulation website.
As of Dec. 21, the latest figures available, 134,656 Michael-related claims had been filed, with estimated losses at nearly $4.654 billion.
That was up from 131,562 claims and $4.28 billion in estimated losses as of Dec. 7. Hurricane Michael made landfall Oct. 10 as a Category 4 storm in Mexico Beach in southeastern Bay County and caused massive damage in Panama City and areas such as Blountstown and Marianna as it continued north into Georgia.
As of Dec. 21, the largest number of claims, 80,968, had been filed in Bay County. Bay was followed by Jackson County, with 13,278 claims; Leon County, with 9,313 claims; Gulf County, with 7,615 claims; Gadsden County, with 5,712 claims; Calhoun County, with 3,921 claims; and Washington County, with 3,243 claims. Overall, 69.9 percent of claims had been closed.
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