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Hurricane Michael insured losses climb above $5.4 billion

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TALLAHASSEE, Fla. – With the total continuing to creep up, estimated insured losses from Hurricane Michael have topped $5.4 billion, according to numbers posted on the state Office of Insurance Regulation website.

As of Friday, 143,055 claims had been filed in the Oct. 10 hurricane, with estimated insured losses of $5,411,076,066. The vast majority of the claims, 95,272, involved residential property.

Bay County had the largest number of claims, with 86,174. It was followed by Jackson County, with 13,806 claims; Leon County, with 9,716 claims; Gulf County, with 8,124 claims; Gadsden County, with 5,968 claims; Calhoun County, with 4,042 claims; and Franklin County, with 2,235 claims.

In all, 74.2 percent of claims had been closed, according to the Office of Insurance Regulation website.

Friday’s estimated total of insured losses was up from about $5.26 billion a week earlier.