Insurance claims mount from Matthew

THE NEWS SERVICE OF FLORIDA

Hurricane Matthew had spawned 29,697 insurance claims in Florida as of Tuesday, Oct. 11, according to the state Office of Insurance Regulation.

The county with the most claims filed was Volusia (Daytona Beach), with 8,973. Another 4,464 claims had been filed in Duval County (Jacksonville), 4,252 in Brevard County (Titusville) and 2,927 in St. Johns County (St. Augustine). Most of the claims, 26,147, were for residential properties.

The report didn’t list the amount of money requested per claim or break down the totals by company.

‘Minimal’ insurance impact
Data analysis firm CoreLogic is projecting the storm, which hammered Georgia and South Carolina as well as Florida, will result in $4 billion to $6 billion in insured property losses in all states.

The ratings firm Moody’s issued a statement Monday saying the long-term impacts of the storm on Florida, Georgia, South Carolina and North Carolina, are expected to be “minimal.”

Hurricane Matthew hit the state a little more than a month after Hurricane Hermine swept through North Florida.

As of Oct. 7, 18,222 claims had been filed as a result of Hermine, of which 12,877 were residential.

Insurance companies had made payments on 6,776 claims, with 5,717 closed without any payment being made, according to the state Office of Insurance Regulation.

The rest remain open.

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