Georgia News

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Technology Errors & Omissions Market Detail: Chamber Insurance Agency Services gives agents access to an …

Ratings: Am. Freedom, Columbia, Central States, Lyndon, Zurich (bonds)

A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb+” of Illinois-based American Freedom Insurance Company. Best said the “ratings reflect American Freedom’s solid …

Insurer Holds Naming Contest for Steer with Michigan Patterned Hide

An insurance company in Michigan is holding a contest to name a steer it saved from someone’s dinner table because of its unique hide. The pattern on one of its sides resembles Michigan’s Lower Peninsula’s mitten shape, while the pattern …

Martinez Joins General Insurance Agent J.M. Wilson in Southern Region

Michigan-based managing general agency J.M. Wilson has added Debbie Martinez as Sales and Underwriting manager for its southern regional office in Charleston, South Carolina. Martinez will be responsible for developing relationships and growing J.M. Wilson’s presence in the South. With …

South Carolina’s Myrtle Beach Area Still Popular with Car Thieves

The Grand Strand again ranks first in the Southeast in vehicles stolen per capita, with the Myrtle Beach area among seven of South Carolina’s metro areas posting higher rankings, according to a report. The Myrtle Beach area ranked 15th nationally …

Insured Losses from Georgia’s April 10 Storms Estimated at $60 Million

Violent weather that struck Georgia on April 10 caused an estimated $60 million in insured losses, according to Insurance and Safety Fire Commissioner John W. Oxendine. “That’s a preliminary figure from the insurance companies we’ve surveyed so far,” Oxendine said. …

Consumer Advocates Watching How Insurers Treat Credit in Recession

With consumers’ credit scores dropping as lenders tighten credit terms, insurance consumer advocates are stepping up their criticism of the use of credit scores by insurance companies. They are also warning insurers that they could lose business and consumer confidence …

Georgia Charges Tennessee Trucking Insurance Agent with $2.6 Million Fraud

A Chattanooga, Tenn. insurance agent has been charged with insurance fraud and theft for allegedly adding commissions to policies when he told policyholders that the coverage was being sold on a net basis — with a set fee, but without …

Liaisons Highlight Consumer Insurance Concerns

Consumer Advocates Focus on How Insurers Treat Insureds in Difficult Economic, Credit Climate Insurance agents, brokers and regulators should be aware that when it comes to insurance, consumers are concerned with such issues as the use of credit scores in …

My New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Child Welfare Organizations Market Detail: Markel Insurance Co. offers agents access to a program for …