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Thousands of insurance claims remain open following Michael

Thousands of insurance claims remain open following Michael
Thousands of insurance claims remain open following Michael
Posted at 4:19 PM, Oct 19, 2018
and last updated 2018-10-19 16:19:00-04

TALLAHASSEE, Fla. (The News Service of Florida) - Within a week of Hurricane Michael barreling into Northwest Florida, nearly 70,000 insurance claims have been filed, with estimated insured losses of $680 million. 

That's according to the State Office of Insurance Regulation. The vast majority of claims filed involve residential property.

Of that number, more than 90 percent of the claims remain open. 

"Our history is kind of a predictor of what our future is going to be. We've always known that there was going to be a big storm," said Lynne McChristian, Spokesperson for Insurance Information Institute. "The insurance companies are prepared, both financially and through the manpower, to get those claims settled quickly."  

The number of claims and estimated insured losses are expected to steadily climb in the coming weeks as property owners continue to report damage to insurance companies.