Citizens Faces $1.2B In Insured Losses After Irma

—Florida’s state-created property insurer says Hurricane Irma will cause over $1 billion in insured losses to the company. The company said the losses would be paid from its surplus, with $193 million expected to be reimbursed from the Florida Hurricane Catastrophe Fund. In a statement, the company said most claims filed so far have come from Miami-Dade, Monroe…