Insurers have yet to pay 15 percent of Michael claims
TALLAHASSEE, Fla. (AP) - Insurance companies have yet to pay about 15 percent of claims made from Hurricane Michael in the Florida Panhandle.
Florida's top insurance regulator told Gov. Ron DeSantis and the Florida Cabinet last week that insurers have yet pay out more than 21,000 claims from last October's Category 5 storm.
Office of Insurance Regulation Commissioner David Altmaier says the figure is discouraging.
The Tampa Bay Times reports that the law requires insurance companies to pay claims within 90 days of being filed, provided the claims are not contested.