Georgia Insurance Commissioner Issues Hurricane Matthew Property Claims Data Call
Nov 2, 2016
With Directive 16-EX-5 issued yesterday, November 1, 2016, Georgia Insurance and Safety Fire Commissioner Ralph Hudgens instructed all insurers covering property risks in the State of Georgia to provide the following information for all claims that relate to losses deemed to have arisen from Hurricane Matthew:
- Total number of claims reported
- Total number of open claims
- Total number of closed claims
- Total amount of claim paid
- Total amount of incurred losses
An initial report of this information is due no later than 12 p.m. this Friday, November 4, 2016.
In addition, the Directive states that each insurer shall provide updated reports of the requested information once a week starting Friday, November 11, 2016, and continuing until Friday, January 20, 2017 for a total of 12 weekly reports.
All data submissions must be entered electronically here: https://www.oci.ga.gov/companyPortal
To view the complete Directive 16-EX-5, click here.
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