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Irma-Related Claims Mount in Florida

The Florida Office of Insurance Regulation reports that as of Oct. 2, 661,957 claims have been filed in response to Hurricane Irma, amounting to $4.2 billion in losses...
October 4, 2017

The Florida Office of Insurance Regulation reports that as of Oct. 2, 661,957 claims have been filed in response to Hurricane Irma, amounting to $4.2 billion in losses. Statewide, 84 percent of these claims are related to damages to residential properties. Meanwhile, the Federal Emergency Management Agency says it has approved 144,407 applications and provided $124.4 million to repair damages to Florida homes and businesses that are not covered by insurance. Florida Chief Financial Officer Jimmy Patronis expects the number of claims to continue to rise.

“As we enter the second stage of Irma recovery, we’re focusing on making sure that insurance professionals have the tools they need to adjust and close your claims as efficiently and effectively as possible — helping your family return to normal faster,” Patronis says, adding that he is deploying teams of anti-fraud investigators to educate homeowners and local law enforcement about how to spot bad actors. “The unfortunate truth is that some individuals will attempt to take advantage of consumers during this high-stress time.”

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