Georgia Department Of Insurance News

Georgia-Based Auto Insurer Access Insurance To Be Liquidated

Insurance regulators in the Southeast are notifying policyholders in their states of a Texas-domiciled/Atlanta, Georgia-headquartered property/casualty insurance company that is to be liquidated after being placed in receivership. Access Insurance Co. is primarily a provider of non-standard auto insurance licensed …

Georgia Estimates $550M in Insured Losses from Hurricane Irma

Georgia’s estimated insured losses from Hurricane Irma have climbed to more than $550 million, with insurers reporting approximately 103,163 claims filed so far, according to Georgia Insurance Commissioner Ralph Hudgens. The estimate is based on claims data reported to the …

Georgia Insured Losses from Hurricane Irma Exceed $300M, And Growing

The Georgia Office of the Commissioner of Insurance estimates that insured losses in the state from Hurricane Irma have now exceeded $300 million, with more than 50,000 property related insurance claims reported. “Our preliminary estimate today is $336 million in …

Georgia Insurance Agent Arrested for Misappropriating Workers’ Comp Premiums

An insurance agent in Floyd County, Ga., has been arrested on fraud charges related to the misappropriation of insurance premiums, according to the Georgia Department of Insurance. Marshall Irwin, 56, owner and operator of the Irwin Agency in Rome, Ga., …

Georgia Fines Company Behind Deadly Leak at Sperm Bank $302K

A deadly February 2017 industrial gas leak at a sperm bank in Augusta, Ga. was caused by the over-pressurization of a bulk storage tank, according to findings from an investigation by state inspectors released Thursday by Insurance and Safety Fire …

Former Georgia Deputy Insurance Commissioner Beck to Seek State’s Top Insurance Post

Jim Beck, a businessman, entrepreneur, and a former deputy insurance commissioner, has announced his candidacy for Georgia’s Insurance and Safety Fire Commissioner. Beck, a Republican, has more than 30 years of experience working in the industry, including for an independent …

Georgia Insurance Commissioner Hudgens to Step Down at End of Term In 2018

Georgia Insurance Commissioner Ralph Hudgens will not seek re-election for a third term as Georgia’s Insurance and Safety Fire Commissioner, according to a statement from the Georgia Department of Insurance. In a letter to Georgians, Hudgens announced his decision, saying …

26 People Wanted in Georgia Over $155K Auto Insurance Fraud Ring

Arrest warrants were issued this week for 26 suspects in connection with an automobile insurance fraud ring centered in the Columbus, Georgia area, according to a statement from Insurance Commissioner Ralph Hudgens. According to the statement, the fraud ring allegedly …

Liquid Nitrogen Leak at Georgia Sperm Bank Kills Responding Deputy

A Georgia sperm bank has been cited two days after a sheriff’s deputy died from inhaling liquid nitrogen while trying to save an employee. News outlets report that the Georgia Department of Insurance issued a cease and desist order Tuesday …

Georgia Insurance Department to Hold Claims Village in Albany for Tornado Victims

Georgia Insurance Commissioner Ralph Hudgens will host a Catastrophe Claims Village in Albany, on Tuesday, Jan. 31, and Wednesday, Feb. 1, according to a statement from the Georgia Department of Insurance. The purpose of the event will be to assist …