Insurance Commissioner: Insured losses from Michael near $700 million
Georgia Insurance Commissioner Ralph Hudgens announced Wednesday afternoon that reported insured losses tied to Hurricane Michael have hit $696 million.
The figure was reached after 68,000 claims have been filed so far.
“My department continues to have conversations with insurers to ensure a smooth claims process for the victims of Hurricane Michael,” Commissioner Hudgens said.
The estimate is based on claims data reported to the Department of Insurance by property and casualty insurance companies for damage to insured homes, vehicles and businesses.