Snow-birds who only come to Florida in the winter are accounting for an average of 8,000 new hurricane damage claims per week according to the Hurricane Insurance Information Center and the Florida Insurance Council.
More than 2 million claims were filed in Florida for hurricanes Charley, Frances, Ivan and Jeanne, and according to these industry groups 86 percent of the hurricane damage claims received in Florida insurance claims had been paid as of Dec. 30. Hurricane Charley hit Aug. 13, and the number of claims settled on that hurricane are now at 90 percent.
Insured losses from the 2004 hurricanes in Florida are estimated at more than $21 billion by the Florida Office of Insurance Regulation.
Was this article valuable?
Here are more articles you may enjoy.
Portugal Rolls Out $2.9 Billion Aid as Deadly Flooding Spreads
Tesla Sued Over Crash That Trapped, Killed Massachusetts Driver
LA County Told to Pause $4B in Abuse Payouts as DA Probes Fraud Claims
Credit Suisse Nazi Probe Reveals Fresh SS Ties, Senator Says