Freeze Grips US South, Causes Millions in Insured Losses
From Texas to Florida, recent freezing temperatures left damages in a part of the country unaccustomed to cold weather. Georgia Commissioner John W. Oxendine said that with more than 4,500 claims reported, he thinks the insurance industry can expect $25 million in losses from ice and snowstorms, which lasted from Jan. 4 to Jan. 10. “The snow and ice during that latter part of the week caused numerous auto accidents,” he said. “There were some pile-ups.” Homeowners claims were for frozen pipes. “The week was just consistently cold,” Oxendine said. “It froze the ground and then it penetrated the pipes.” State Farm spokesman Justin Tomczak from Georgia said the insurer expects to exceed $5 million in losses. Claims received are nearing 1,000, he said.