Allstate aims to raise insurance premiums in Georgia

Commercial Insurance rates

Allstate bypasses rate proposal process to increase premiums Allstate customers in Georgia may see their  insurance premiums spike, according to the Georgia Department of Insurance. The insurance company is planning to implement rate increases on some policies, with premiums rising by as much as 58.3%. According to Insurance Commissioner Ralph Hudgens, this is the first time he has seen such a rate hike. Moreover, the proposed rate hike has not been approved by the Department of Insurance. Insurance Commissioner claims Allstate bypassing the proposal process is unfair Hudgens notes that…

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Georgia insurance exchange will not include UnitedHealthcare

Georgia Health Insurance exchange

Officials in the state have said that the health insurer will not be selling its plans over the marketplace for 2017. Georgia officials have now stated that UnitedHealthcare will no longer be selling its health plans over the state’s insurance exchange after this year, and the insurer has now become the only one that has said it won’t be continuing forward on the marketplace. The insurance department in the state has said that UnitedHealthcare is the only one no longer selling on the exchange. In the state, over 500,000 residents…

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Georgia governor likely to sign autism insurance bill

Health Autism Insurance

Before April is through, it is expected that Nathan Deal will be adding his signature to the legislation. Senate Bill 1, an autism insurance bill, is among the hundreds of bills that are currently sitting on the desk of Georgia Governor Nathan Deal, and is among those that are expected to be signed before the end of the month. In this case, the insurance legislation will be called Ava’s Law, should it be passed, named after Ava Bullard. If it does become a part of the autism insurance law in…

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Legislation in Georgia increases auto insurance requirements for ride-share firms

traffic car auto insurance

Legislation requires ride-share companies to improve their auto insurance policies New legislation in Georgia will require ride-sharing services Uber and Lyft to increase their auto insurance coverage. The legislation, called House Bill 190, won the approval of the state’s House of Representatives and is currently awaiting the signature of Governor Nathan Deal before it can be enacted. Ride-share companies have become a hot topic in the insurance space, as well as in the transportation services industry. These companies offer inexpensive transportation, but there have been concerns that the auto insurance…

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Health insurance premiums see modest rise in Georgia

Georgia Health Insurance exchange

State’s insurance rates remain steady despite fears of major increases The cost of coverage from Georgia’s health insurance exchange have remained steady, according to a study from the Urban Institute. Many had feared that premiums for policies sold through the state’s exchange would increase at a rapid pace, but this has not been the case. The exchange sells plans in Bronze, Silver, Gold, and Platinum categories, with each tier offering their own level of coverage benefits, with Platinum being considered the most comprehensive. Silver tier plans are, by far, the…

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