PRESS RELEASE – Insurance and Safety Fire Commissioner John F. King announced today that Farmers Insurance has rescinded tens of thousands of nonrenewal notices to Georgia consumers initially scheduled to go into effect in August.
“It was brought to our attention this week that Farmers Insurance had alerted their customers that they would be non-renewing any homeowner policies on homes with roofs over 15 years old in blatant violation of Georgia law,” said Commissioner King. “My office immediately took action, ordering Farmers to reverse course and rescind these scheduled non-renewals. I am extremely disappointed with the actions of Farmers and am contemplating further disciplinary actions at this time.”
Under Georgia law, insurers are only allowed to change their underwriting guidelines for new business and cannot non-renew existing customers under new guidelines. Violations of Georgia insurance law are subject to monetary fines from the Insurance Commissioner’s Office, among other penalties.
PRESS RELEASE- Yesterday, a ribbon cutting was held for Helenly Design Co. Mary Helen, owner…
Arrest report with photos provided by the Dawson County Sheriff’s Office. The Georgia Open Records Act…
PRESS RELEASE- A ribbon cutting was held to celebrate the expansion of Cole Walters State…
PRESS RELEASE- A ribbon cutting was held today for 1826 at Stowers Farm. Uncover the…
Arrest report with photos provided by the Dawson County Sheriff’s Office. The Georgia Open Records Act…
PRESS RELEASE- A ribbon cutting was held today for Peachy Paws Pet Spa in downtown…