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Estimated losses in Florida from Irma climb to $8 billion


Estimated insurance losses in Florida resulting from Hurricane Irma have reached $8 billion, according to the Florida Office of Insurance Regulation.

More than 900,000 claims have been filed, with 85.9% of claims closed, according to the latest data released by the department Friday.

More than 55,000 commercial property claims have been filed to date, with 51.9% of those closed while 81.8% of the 1,754 private flood claims have been closed. On the business interruption side, 3,840 claims have been filed as of Friday, with 79.5% of those closed.