Filed Under:Markets, Regulation/Legislation

Twisters Cause $75M in Insured Losses in Georgia, Says Commissioner

Above: Damage seen in Calhoun, Ga. Below: A house destroyed in Adairsville (Photos by Justin Tomczak)
Above: Damage seen in Calhoun, Ga. Below: A house destroyed in Adairsville (Photos by Justin Tomczak)

Georgia Insurance Commissioner Ralph Hudgens says tornadoes in northern Georgia on Jan. 30 caused an estimated $75 million in insured losses.

“That figure will rise as new claims are reported,” he says in a statement.

The commissioner particularly called out the Daiki Corp., which suffered extensive damage from the tornado.

The Daiki Corp. in Adairsville, Ga.—a small city with a population of about 5,000—is a manufacturer of machine presses, cutting and paints. Reports say much of the plant has been reduced to rubble.

The National Weather service says a twister on Jan. 30 was about 900 yards—equivalent to nine football fields—and carrying winds of up to 160 mph (a strong EF3) when it hit Adairsville in Bartow County.

Nearly 370 claims from Georgia have been filed with State Farm as of the afternoon of Feb. 1, says spokesman Justin Tomczak, who adds, “We were in the field yesterday helping our policyholders begin the recovery process and had over a dozen representatives already deployed.”

State Farm holds 29.4 percent of the homeowners multiperil market in Georgia, the largest share among insurers. Allstate is next, with 14.8 percent.

The Georgia Emergency Management Agency says the Jan. 30 weather system produced tornadoes in Bartow and Gordon counties and resulted in one death and 23 injuries.

The GEMA reports 95 structures damaged in Bartow, with 31 destroyed. Another 270 structures were damaged in Gordon, with 30 destroyed.

The tornado in Adairsville caused major damage to residential and commercial structures. Calhoun was also affected. Damage in Gordon County was mainly to residential communities of Farmville and Senoraville, the GEMA says.

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