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FLOIR pegs initial Ian insured loss estimate at $3.28bn. Will rise significantly

October 7, 2022

Initial data from the Florida Office of Insurance Regulation (FLOIR) reveals that more than 375,000 claims have been filed after hurricane Ian, mostly related to residential property, as the entity reports total estimated insured losses of close to $3.28 billion.

A total of 375,293 claims a little over a week after Hurricane Ian made landfall in the State of Florida is a fairly significant amount. The majority, 273,939, or 73% of these claims are for residential property, with 8,924 for commercial property, 1,210 for flood, 107 for business interruption, and 91,113 related to other lines of business.

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