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Insured losses from Hurricane Idalia approaching $200 million, state says

Some new structures stood, while older buildings were splintered after Hurricane Idalia hit Horseshoe Beach, Florida on Wednesday, August 30, 2023.
Some new structures stood, while older buildings were splintered after Hurricane Idalia hit Horseshoe Beach, Florida on Wednesday, August 30, 2023. adiaz@miamiherald.com

Estimated insured losses from Hurricane Idalia reached $188 million this week, as the total continues to gradually increase.

The Category 3 hurricane made landfall Aug. 30 in the Keaton Beach area of Taylor County before continuing through parts of North Florida into Georgia.

Data posted on the Florida Office of Insurance Regulation website showed the $188 million estimate was based on 20,151 claims. By comparison, estimated insured losses were $156.4 million on Sept. 10, based on 17,472 claims.

The updated totals as of Monday included 13,864 claims involving residential property damage, with other types of claims for such things as auto damage. Meanwhile, 4,124 claims had been closed with payments made, while 3,313 had been closed without payments.

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