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Insured losses from Hurricane Michael climb above $4.5B, says Fla. regulator

Total insured losses from Hurricane Michael have reached $4.53 billion, according to the Florida Office of Insurance Regulation.

The regulator said the storm generated more than 133,000 claims as of Dec. 17. More than 90,000 of those claims have been closed, but over 42,000 claims still remain open.

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