Five days after Hurricane Ian devastated Southwest Florida and started making its way across the state, more than 222,000 insurance claims had been filed from the storm, according to data posted Monday on the state Office of Insurance Regulation website.
The data showed 222,261 claims filed in Florida, with estimated insured losses of $1.61 billion. Those numbers are expected to dramatically increase, with two financial-rating agencies last week estimating insured losses at $25 billion to $40 billion. Of the claims filed as of Monday, the vast majority, 165,008, involved residential property. Other types of claims included for auto damage. The data showed that 1,701 claims had been closed with payments, while 4,303 had been closed without payments.
Workers Compensation Insurance Market: Ready to Fly on High Growth Trends
How Hurricane Ian could inflate property insurance premiums in Connecticut [The Hour, Norwalk, Conn.]
Advisor News
- Your client’s $3 million portfolio doesn’t tell you their insurance needs
- How life insurance can provide liquidity for wealthy families
- Retirement providers turn to digital engagement to retain assets
- Looking out for clients with diminished mental capacity
- House panel advances CLEAR Forms Act backed by IRI
More Advisor NewsAnnuity News
- What lower interest rates mean to annuity payouts
- AM Best downgrades A-Cap insurers amid financial and regulatory troubles
- Lawsuit claims Delaware Life hid billions in insurer-linked investments
- AM Best to Deliver Presentation at 2026 ACLI Annual Conference
- Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
More Annuity NewsHealth/Employee Benefits News
Life Insurance News