Insurance Commissioner: Atlanta’s Estimated Insured Loss at $250M

March 18, 2008

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

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