Atlanta, GA (WiredPRNews.com) Georgia Insurance Commissioner Ralph Hudgens has announced that residents of that state have so far filed more than 3,600 claims with coverage providers for damages related to Tropical Storm Lee.
Damage claims on homeowner, Georgia auto insurance and other policies as of Sept. 8 totaled about $15 million, according to Hudgens’ department. And officials expect the numbers to rise.
“It takes weeks for both the insurers and the insured to fully assess the extent of the damage from the storm,” Hudgens said in a statement.
Industry experts and government officials along the East and Gulf coasts are still working to put a dollar figure on the damage done by Lee and Tropical Storm Irene, which swept across many of the same regions a week earlier.
Robert Hartwig, president of the Insurance Information Institute, has stated that the organization expects total damages to be between $3 billion and $5 billion.
Meteorologists say an average of 11 tropical storms form over the Atlantic Ocean, Caribbean Sea and Gulf of Mexico each year, with six of them developing into hurricanes.
Hudgens’ announcement brings to light the broad scope of work regulators in Georgia and other states do on behalf of consumers.
Regulatory agencies in all 50 states oversee coverage providers, help resolve disputes between companies and policyholders, track complaints against individual carriers and often work closely with companies in the aftermath of natural disasters to ensure that consumers are being properly cared for.
For example, Georgia regulators helped thousands of policyholders resolve disputes with their insurers and recovered more than $6 million in claims during the first six months of this year.
On Sept. 6, Hudgens instructed coverage providers to update his department weekly with information on claims they have received.
To learn more about this and other car insurance and safety issues, readers can go to http://www.onlineautoinsurance.com/georgia/ where they will find informative resource pages and a rate-comparison generator that helps users quickly evaluate their coverage options.