Insurance and Safety Fire Commissioner John W. Oxendine said damage from a tornado that struck downtown Atlanta last week has reached an estimated $250 million in insured losses.
“That figure includes damage from across the state, such as Polk and Bartow Counties, where damage was quite extensive,” Oxendine said. “This storm caused the largest loss yet recorded in our state for tornado damage.”
The Commissioner said much of the financial loss came from the downtown Atlanta area, with the World Congress Center – the fourth largest convention center in the nation – especially hard hit.
Source: Georgia Department of Insurance
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Endless Shrimp Deal Was Scheme to Squeeze Red Lobster, Suit Says
US House Passes Bill to Extend Federal Terrorism Backstop Through 2034
Cedents Find Competitive Market Conditions at Midyear Reinsurance Renewals: Brokers
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO 

