Georgia Preliminary Storm Damage Estimate at $40M
Georgia’s state insurance commissioner says the estimate to repair damage from Friday’s storms has hit $40 million in insured losses.
The Atlanta Journal-Constitution reports that Commissioner Ralph Hudgens said in a statement Tuesday the figure is preliminary. He says it takes weeks to fully assess the extent of damage.
The National Weather Service has said an EF-3 tornado with winds up to 165 mph hit Haralson and Paulding counties, causing damage over a 29-mile path. The weather service has said an EF-1 tornado with winds estimated at 100 mph hit the ground in east Cobb County.
Fourteen homes were destroyed and dozens of others were damaged in Paulding County. Paulding Northwest Atlanta Airport director Blake Swafford says damage there is expected to reach at least $7 million.
- Apollo Accused in Lawsuit of Illegal Human Life Wagering Scheme
- Jury Awards $80M to 3 Former Zurich NA Employees for Wrongful Termination
- Chubb CEO Greenberg: Some Financial Lines Underwriting Practices ‘Simply Dumb’
- Work Safety Group Releases List of ‘Dirty Dozen’ Employers
- Millions of Recalled Hyundai and Kia Vehicles, With Dangerous Defect, Remain on Road
- Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes
- Poll: Consumers OK with AI in P/C Insurance, but Not So Much for Claims and Underwriting
- EVs Head for Junkyard as Mechanic Shortage Inflates Repair Costs