TALLAHASSEE, Fla. — Insurers in Florida may pay out nearly $90 million to policyholders in the aftermath of Hurricane Debby, according to Florida’s Office of Insurance Regulation.

What You Need To Know

  • Insurers may pay out upward of $90 million in claims

  • The majority of claims are residential and homeowner

  • Damages are manageable compared to past storms, per state leaders

OIR’s most recent data reports nearly 12,000 insurance claims with residential and homeowners accounts making up the majority. The same storm data, meanwhile, reports a claim closure rate of 11% thus far across all policy accounts.

“We’re looking at right now preliminary numbers about $89 million in losses,” said Chief Financial Officer Jimmy Patronis, who helps oversee Florida’s insurance market. "In comparison, Hurricane Ian was over $20 billion in losses."

Hurricane Debby struck Florida as a Category 1 storm. Its eventual path turned north, impacting the Southeast and beyond.

AccuWeather’s preliminary estimates asses Hurricane Debby’s nationwide cost to be around $28 billion. The figure considers physical storm damage, as well as economic losses such as pauses in business and tourism.