"I am extremely disappointed with the actions of Farmers and am contemplating further disciplinary actions at this time," stated Georgia insurance commissioner John King. Photo: Rob Hainer, Adobe Stock
With insurers pulling out of states like Florida and California, or choosing not to underwrite new policies in some states, Georgia insurance commissioner John F. King, has announced that Farmers Insurance has rescinded tens of thousands of nonrenewal notices that would have taken effect next month. The insurance commissioner's office said it has contacted Farmers to determine how many policyholders were involved, although since all of the nonrenewal notices have been rescinded, "no policyholders are impacted at this time."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Patricia L. Harman
Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at [email protected]
