Insured Losses From Hurricane Irma Tops $500M

Staff Report From Georgia CEO

Wednesday, October 18th, 2017

Insurance Commissioner Ralph Hudgens says estimated insured losses from Hurricane Irma have climbed to more than $550 million, with insurers reporting approximately 103,163 claims filed so far.

“As part of our disaster recovery plan, my staff and I will continue to have conversations with claims managers of various insurance carriers to ensure a smooth claims process for the consumers of Georgia,” Commissioner Hudgens said.

The estimate is based on claims data reported to the Department by property and casualty insurance companies from damage to insured homes, vehicles, and businesses. Commissioner Hudgens pointed out that flood damage to vehicles are included in the reporting, but damage to businesses and private dwellings from flooding, would not be represented. The majority of flood insurance is offered through a federal program, not through insurance companies.

Department of Insurance Consumer Claims Specialists continued to assists residents of stormdamaged communities daily with claims issues and other insurance questions. If you have questions about your claim, or if you are experiencing difficulty reaching your insurance company, call our Consumer Hotline at 404‐656‐2070, or, outside the metro area, 800‐656‐2298. Phone lines are open from 8 a.m. to 6 p.m., Monday through Friday.