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Florida Citizens Expects 5,000 claims and $63 Million in Losses from Nicole

November 17, 2022

Citizens Property Insurance Corp. has released its first estimate on losses from Hurricane Nicole, a category 1 storm that hit Florida’s east coast Nov. 10.

Modeled losses plus loss adjustment expenses – but not including anticipated litigation costs – will come to about $63 million, a spokesman for the state-created insurer said. Some 1,679 claims have been filed so far with Citizens and officials expect as many as 5,000 altogether.

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