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Triple-S Management says 96% of Hurricane Maria-related claims resolved

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Triple-S Management says 96% of Hurricane Maria-related claims resolved

Triple-S Management Corp. and subsidiary Triple-S Propiedad Inc. remain "comfortable" with the subsidiary's reserves for hurricane-related claims.

Triple-S Propiedad has paid $687.8 million in claims related to Hurricane Maria, resolving 96% of the 17,746 total claims received as of Sept. 23. Total claims previously stood at 17,736 as of June 30.

Of the 10 new claims received in the third quarter, only three were submitted in September. Of the 745 claims that remain open, Triple-S Management is involved in litigation in a total of 230 cases, including 48 cases filed after June 30.

The company said it provided the claim number details in response to questions from investors.