News

Know about market updates

Hurricane Matthew property claims so far: $549M

TALLAHASSEE, Fla. – Oct. 25, 2016 – Data released Friday by the Florida Office of Insurance Regulation (OIR) finds that Hurricane Matthew property damage claims have increased but fewer new claims are coming in.
Statewide, the report finds 78,963 insurance claims for residential homes and 3,143 for commercial buildings, though total numbers include other categories, such as mobile homeowners (5,397) and commercial residential (333).
On Oct. 12, OIR reported $218 million in claims; by Oct. 14, the number swelled to $454 million. The latest update was released on Oct. 21.
Of the 91,212 claims filed, 25.7 percent have reportedly been closed, and while 10,859 of those were paid, 12,537 of those claims were closed without compensation for owners.
Statewide, only three counties – Holmes, Lafayette and Liberty – submitted no insurance claims for Hurricane Matthew damage, though many counties only had single-digit claims. Volusia County had the most claims with 26,664, followed by Duval, Brevard, St Johns and Flagler.
Florida counties that saw more than 100 claims submitted include:
Brevard: 11,629 claims submitted
Broward: 649
Clay: 2,202
Duval: 14,860
Flagler: 6,161
Hillsborough: 155
Indian River: 1,602
Lake: 641
Marion: 287
Martin: 628
Miami-Dade: 453
Nassau: 1,399
Orange: 4,165
Osceola: 533
Palm Beach: 1,143
Polk: 264
Putnam: 851
Santa Rosa: 434
Sarasota: 268
Seminole: 2,754
St. Johns: 9.688
St. Lucie: 1,911
Volusia: 26,664
© 2016 Florida Realtors®  


Source: Florida Realtors Feed

Leave a Reply

Your email address will not be published. Required fields are marked *