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Insured losses from Hurricane Michael surpass $5B, Fla. regulator says

Total estimated insured losses from Hurricane Michael have reached approximately $5.02 billion, according to the Florida Office of Insurance Regulation.

The hurricane has generated 141,039 claims as of Jan. 11. Of that total, 38,661 claims are still open, 86,053 have been paid and closed and 16,325 have been closed but have not been paid.

Michael made landfall in the Florida panhandle on Oct. 10, 2018, as a Category 4 hurricane.