Georgia Insurance Commissioner John Oxendine yesterday increased his estimate of the damage from the weekend tornado that struck Georgia to $250 million.
On Monday he had said it was expected to be between $150 million and $200 million, with at least $100 million occurring at the Georgia World Congress Center.
Describing the tornado, which struck Atlanta Friday, Guy Carpenter's Instrat unit in a CAT-i report said the funnel had moved east through the city center.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
