HURRICANE DENNIS LOSSES TOP $10 MILLION

As claims reportedly continue to pour in, Georgia Insurance Commissioner John Oxendine said insured losses in Georgia from Hurricane Dennis now exceed $10 million.

“Damage to insured homes, vehicles and businesses is included in this estimate,” Oxendine said. “It’s at least $10 million now and rising.”

The estimate was based on claims reported by various property and casualty insurance companies. Oxendine emphasized that these claims reports are only a partial listing–not all companies have reported.

Oxendine pointed out that while flood damage to vehicles would be included in any reporting of insured losses, extensive damage to structures from flooding, including businesses as well as private dwellings, would not be represented in his estimate.

Flood insurance is offered through a federal program, not through insurance companies.

Topics Catastrophe Natural Disasters Profit Loss Hurricane