Live Insurance News

Tornadoes in Georgia cause $6 million in losses for the homeowners insurance sector

October 23, 2014October 21, 2014 Logan B.

Several tornadoes have struck Georgia, causing significant damage in some parts of the state Six tornadoes struck Georgia early last week, five of which hit the metro Atlanta area. These tornadoes generated thousands of homeowners insurance claims and insurance adjusters were deployed to the affected areas in order to help assess t he damage that was caused. According to Insurance Commissioner Ralph Hudgens, more than $6 million in insured losses were caused by the six tornadoes. Most of the damage caused by these disasters was to homes and vehicles. Homeowners…

Homeowners insurance advice issued in Georgia following powerful storms

October 20, 2014October 19, 2014 Logan B.

Insurance Commissioner Hudgens provides some advice to homeowners in the state Georgia is no stranger to natural disasters, but many of its residents may not know how to handle their insurance companies in the wake of a severe storm. Several powerful storms have tore through the state in recent weeks, highlighting a lack of awareness concerning certain insurance issues. The state’s Insurance Commissioner, Ralph Hudgens, has provided some recommendations for those that have had their properties damaged by recent storms. Getting in contact with an insurance agent and documenting damage…

Severe weather in Georgia prompts concerns regarding homeowners insurance

May 5, 2014May 3, 2014 S.Vagus

Double checking insurance policies becomes a priority as weather conditions worsen Severe weather is expected to create some problems in Georgia. Forecasts predict that weather conditions in many parts of the state could be “very dynamic” this week. What this means is that tornados and heavy rainfall could be seen in parts of the state and these events could lead to significant property damage for homeowners. As such, Georgia Insurance and Safety Fire Commissioner Ralph Hudgens has begun offering advice to homeowners that may fall victim to property damage. Homeowners…

Flood insurance reforms may not be enough to satisfy homeowners in Georgia

April 7, 2014April 12, 2014 S.Vagus

Legislation concerning flood protection may only be a short term solution Legislation meant to rollback the premium increases on policies from the National Flood Insurance Program was recently passed, but the matter of expensive insurance coverage is far from over in many states. The legislation was designed to provide homeowners with relief from insurance rates that were rising too quickly, but it may only be a temporary solution to a serious problem. Lawmakers in Georgia are looking into new solutions to the matter of flood insurance and what can be…

Insurance claims pour in as snow falls in Georgia

February 6, 2014February 4, 2014 Nordstrom

Winter driving mayhem causes steep rise in insurance claims

Polar vortex sends snow to Georgia, causing serious damage to insured property and vehicles Georgia became a victim of unexpected snow storms recently. The state is unaccustomed to experiencing such events and, as such, the snow caused a great deal of damage to homes and vehicles. The snow storms that Georgia has been experiencing are linked to the so called polar vortex phenomenon that has cause temperatures to plummet throughout the U.S. States that typically experience very mild winter seasons have seen heavy snowfall as a result of the polar…

Aetna pulls out of New Jersey health insurance exchange

September 19, 2013September 17, 2013 Logan B.

Company opts to not participate in state health insurance exchange Aetna, one of the largest health insurance companies in the U.S., has announced that it will not be participating in the New Jersey health insurance exchange. The exchange is set to begin open enrollment on October 1 this year, and is meant to provide consumers with access to affordable health insurance plans. Aetna was expected to be a prominent participant in the exchange, but disagreements with state officials may have discouraged the company from participating in the state’s exchange. Aetna…

Hospitals move to form their own health insurance company in Georgia

May 31, 2013May 30, 2013 Logan B.

Health insurance concerns spur hospitals to take drastic step Small businesses are not the only ones that have been voicing concerns over the Affordable Care Act in the U.S. The federal health care law has been raising worries among hospitals throughout the country, many of which claim the Affordable Care Act will have a drastic and problematic impact on health care and health insurance. In Atlanta, Georgia, two hospitals are beginning to work together in order to circumvent the problems they foresee regarding the Affordable Care Act. New health insurance…