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Insurance commissioner details storm-claim follow-up, recovered funds and seeks stronger fines
Summary
Georgia's insurance commissioner told the committee the office is investigating large Hurricane Helene claims, has recovered more than $100 million for consumers, issued over $42 million in fines on mental‑health parity matters, and is seeking legislative authority to increase per‑incident fines to deter bad actors.
Georgia's Insurance Commissioner updated the Appropriations subcommittee on several consumer‑protection priorities tied to storm claims and enforcement authority.
The commissioner said updated claims projections mean the state's reinsurance funding need for FY27 will drop by about $25 million and that appointment‑fee changes have made the insurance regulation division more self‑sufficient, returning roughly $3 million to the general fund.…
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