Monday, June 18, 2018
Real Estate

State: Hurricane Irma caused $8.6 billion in insured losses

Claims data is still rolling in for Hurricane Irma, which caused much more damage than previously thought. The Florida Office of Insurance Regulation revised its estimate of insured losses from the September 2017 storm to $8.61 billion on Thursday, up $1.7 billion from estimates five months ago.

"This upward trend is not unexpected as companies continue to adjust and close claims," Erin VanSickle, deputy chief of staff for OIR, said in an email. "OIR will continue to monitor the financial strength of companies and the way they are responding to customers and will continue to regularly post claims information on the OIR website. "

MORE: Go here for more Business News

The updated estimates include a total of 24,749 claims in Pinellas County, 8,773 claims in Pasco County, 19,727 claims in Hillsborough County and 2,848 claims in Hernando County.

Contact this reporter at [email protected] or (727) 892-2249. Follow @malenacarollo.

Comments
Report: 40 percent of Florida property will be ‘highly exposed’ to flooding

Report: 40 percent of Florida property will be ‘highly exposed’ to flooding

One of Florida’s biggest draws is also one if its biggest liabilities — its coastline. A new report projects that Florida is at the greatest risk of any state for tidal flooding caused by rising sea levels. And Tampa Bay faces some of the greatest ri...
Updated: 10 hours ago
Developer Grady Pridgen buys St. Pete’s shuttered Edward White Hospital

Developer Grady Pridgen buys St. Pete’s shuttered Edward White Hospital

ST. PETERSBURG — Edward White Hospital, closed four years ago because of declining revenues, has been sold to developer Grady Pridgen for $2.7 million.Pridgen could not be reached Monday for comment. City officials said he has submitted plans for rem...
Published: 06/18/18
St. Petersburg home becomes finalist in HGTV contest

St. Petersburg home becomes finalist in HGTV contest

ST. PETERSBURG — A house in St. Petersburg’s Old Northeast is a finalist in HGTV’s Ultimate House Hunt contest. Built in 2007 in the Mission Revival style, the 4,000-square-foot home a block from Coffee Pot Bayou is among 12 nationwide in the "curb a...
Published: 06/15/18
Updated: 06/18/18
Tampa-based Robbins Property Associates pays $43-million for Boynton Beach apartment community

Tampa-based Robbins Property Associates pays $43-million for Boynton Beach apartment community

Tampa-based Robbins Property Associates, has bought Aventine at Boyton Beach, a 216-unit apartment community, for $43 million.Aventine, garden-style apartments that are 95 percent occupied, will be renovated and renamed "Verona at Boynton Beach."It i...
Published: 06/15/18
‘Co-buyers’ account for a good chunk of Tampa Bay homes sales

‘Co-buyers’ account for a good chunk of Tampa Bay homes sales

More than 17 percent of Tampa Bay homes sold in the first three months of this year went to "co-buyers,’’ non-related persons whose names are on the deed, ATTOM Data Solutions found. That reflects a nationwide trend as rising home prices make it hard...
Published: 06/14/18
Here are the Tampa Bay ZIPS where flippers have done the best and worst this year

Here are the Tampa Bay ZIPS where flippers have done the best and worst this year

Tampa Bay’s flipping frenzy may be coming to an end as rising home prices squeeze profits.In the first three months of this year, the number of flips plunged 13 percent compared to the same period a year ago, a new analysis by ATTOM Data Solutions sh...
Published: 06/12/18
The Centro Español social club returns to an ancestral home

The Centro Español social club returns to an ancestral home

TAMPA — At its peak, Tampa’s Centro Español, a 127-year-old social club for those of Spanish descent, had 6,000 to 10,000 members who supported two headquarters that were each more than 20,000 square feet.There was one located in Ybor City and anothe...
Published: 06/12/18
Florida’s most affordable cities for housing? Here they are.

Florida’s most affordable cities for housing? Here they are.

If you choose carefully, the greater Tampa Bay area has some of the state’s most affordable places to own a home.In fact, six of the top 10 locales are within about 50 miles of downtown Tampa. Fort Meade, tucked in the southwestern part of Polk Count...
Published: 06/11/18
Updated: 06/12/18
WCI pays $12.5 million for more land in Tampa’s Westshore Marina District

WCI pays $12.5 million for more land in Tampa’s Westshore Marina District

TAMPA --- WCI Communities has paid $12.5 million for 9.5 waterfront acres in the Westshore Marina District near Gandy and Westshore Boulevards.The purchase, which closed today, gives the high-end subsidiary of Miami-based Lennar Corp. a total of 11.8...
Published: 06/11/18
In a first, you can buy a $4.1  million gulf-front Tampa Bay home with bitcoin

In a first, you can buy a $4.1 million gulf-front Tampa Bay home with bitcoin

BELLEAIR SHORE — When a house has been on the market for a long time, Realtors typically either drop the price, up the marketing or both. After months without a buyer, the price of a mid-century home in this exclusive Pinellas County beach community ...
Published: 06/08/18
Updated: 06/11/18