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Insured losses from Hurricane Michael exceed $6B, Fla. regulator says

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Insured losses from Hurricane Michael exceed $6B, Fla. regulator says

Total estimated insured losses from Hurricane Michael have reached approximately $6.10 billion, according to the Florida Office of Insurance Regulation.

The storm, which struck the Florida panhandle in mid-October 2018, had generated 144,116 claims as of March 15. Of that total, 29,229 claims are still open, 96,055 have been paid and closed, and 18,832 have been closed but not paid.