Contact: Beth Scott
Tallahassee – More than $74 million has been paid by insurers for damage claims received through the second week of Hurricane Dennis reporting and early numbers show more than 75 percent of losses are in Santa Rosa, Okaloosa and Escambia counties.
The estimated gross probable loss across all insurance lines and in all counties totals $934,032,745 with relatively higher numbers of auto claims than during last year's hurricanes, as reported through the Office's Catastrophic Event Data Reporting Analysis (CEDRA) system. The estimated gross probable loss is calculated using the actual claims received by the companies and hurricane modeling. The estimate excludes flood damage, which is available from Federal Emergency Management Agency.
The CEDRA report
shows a breakdown by county and distribution by lines of business.