Florida's insured losses from Irma total nearly $2 bln to date (updated)

Fednat Holding Co

18/09/2017 19:25

(Adds details from filing and share moves) 
    Sept 18 (Reuters) - Florida policyholders so far have filed 
nearly $2 billion in claims to insurers for damage from 
Hurricane Irma, the state's insurance regulator said on Monday. 
    The estimate of insured losses is based on preliminary 
statewide data that insurers filed with the Florida Office of 
Insurance Regulation as of 4 p.m. ET on Sunday for nearly 
335,347 claims, the regulator said. (http://bit.ly/2xKwMi9) 
    About 88 percent of the total number of claims are from 
residential property owners, of which only 3.8 percent have been 
closed, the filing said. 
    Of the claims, commercial property comprised 3 percent, 
while private flood insurance made up 0.2 percent. 
    Irma was ranked as one of the most powerful Atlantic storms 
on record before striking the U.S. mainland as a Category 4 
hurricane on Sept. 10. The storm killed at least 33 in Florida. 
(http://reut.rs/2xcfrLy) 
    Shares of Florida-based insurers Heritage Insurance  HRTG.N  
and Universal Insurance  UVE.N  fell 3.4 percent and 3.8 
percent, respectively. 
    HCI Inc's  HCI.N  shares dropped 2.2 percent, while 
Federated National  FNHC.O  fell 2.6 percent and United 
Insurance  UIHC.O  edged 1.7 percent lower. 
 
 (Reporting by Suzanne Barlyn in New York and Roopal Verma in 
Bengaluru; Editing by Lisa Von Ahn and Maju Samuel) 
 ((Suzanne.Barlyn@thomsonreuters.com; 646-223-8550; Reuters 
Messaging: 
suzanne.barlyn.thomsonreuters.com@reuters.net;Roopal.Verma@thoms 
onreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 
6749 1495; Reuters Messaging: 
Roopal.verma.thomsonreuters.com@reuters.net)) 
 
Keywords: STORM IRMA/INSURANCE