Sept. 20--TALLAHASSEE -- Florida's property-insurance industry didn't take a serious blow from Hurricane Hermine, which whipped through the state the first week of September, Insurance Commissioner David Altmaier told Gov. Rick Scott and the Cabinet on Tuesday. As of Friday, 205 insurance companies operating in the state had received 14,890 claims, which are expected to cost the industry about $80 million, Altmaier said.
"Those are numbers that we expect to fluctuate over the next several weeks to months as the claims adjustment process unfolds," he said. "As you would expect after a Category 1 storm, those numbers don't appear to put any particular company in any kind of financial duress."
(c)2016 The News Herald (Panama City, Fla.)
Visit The News Herald (Panama City, Fla.) at www.newsherald.com
Distributed by Tribune Content Agency, LLC.