State transportation officials say an initiative to recover money to pay for damage to state property in traffic accidents has netted the agency more than $1 million.
GDOT officials say annual damages to state property – such as signs, guardrails, bridge supports and more – can add up to more than $10 million.
Deputy GDOT Commissioner Todd Long says he’s pleased with collections results he’s seen through a partnership with Claims Management Resources, Inc. The company negotiates with drivers and their insurance companies.
Long says the department is on track to recover between $3 and $4 million in the first year of the partnership.
Was this article valuable?
Here are more articles you may enjoy.
Insurer Interest in AI Exclusions Growing as Risk Becomes Omnipresent
Apple in Early Settlement Talks With DOJ Over Antitrust Case
US Takes Aim at Autonomous Car Mishaps in Safety Rulemaking Push
US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success