Potential insured losses in Florida from Hurricane Isaias have grown to $735 million, according to the Office of Insurance Regulation.
The majority of the 68,000 claims filed in Florida are from the western Panhandle, where the Category 2 storm made landfall on Oct. 9 near Destin.
More than 31,600 claims have been filed in Santa Rosa County, just over 21,000 in Escambia County, nearly 6,500 in Okaloosa County, more than 2,600 in Walton County, and nearly 2,600 in Bay County.
Just over 55,000 claims are tied to residential property, but they also cover auto and commercial properties, along with business interruptions and other business lines.
As of Friday, just over 25,000 claims have been closed with some level of payment and more than 14,000 closed without any payment.
Moody’s Risk Management Services has called the damages “manageable.”
Hurricane Milton, which made landfall near Siesta Key in Sarasota County in October 2024, resulted in $5.6 billion in losses out of 385,146 claims. The 155,182 claims submitted after Hurricane Helene came ashore in the Big Bend Region in last September 2024 resulted in $2.58 billion in losses.
Hurricane Michael, which made landfall on the Panhandle at Mexico Beach as a Category 5 storm with 160 mph sustained winds on Oct. 10, 2018, resulted in $9.1 billion in losses in Florida. Nearly 159,000 claims were filed after Michael, of which almost 130,000 resulted in some payment.