Hurricane Ian came onshore with fury destroying homes, and businesses, while it continues to hammer away at southwestern Florida before moving north through the central part of the state Wednesday.

Florida Citizens Losses Estimated At $2.3B To $2.6B

The state-backed Citizens Property Insurance Corp. on Wednesday estimated it will have $2.3 billion to $2.6 billion in losses from Hurricane Ian.

The state-backed Citizens Property Insurance Corp. on Wednesday estimated it will have $2.3 billion to $2.6 billion in losses from Hurricane Ian.

As of Wednesday morning, about 34,000 Citizens claims had been filed, but the insurer anticipates more than 225,000 claims, according to an email from Citizens spokesman Michael Peltier.

The Category 4 hurricane made landfall last week in Lee and Charlotte counties before moving across the state.

Citizens, which was created as an insurer of last resort, has seen its number of policies more than double during the past two years amid financial troubles in the private insurance market.

As of Friday, Citizens had 1,071,850 policies.

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