Georgia lawmakers have approved two bills that could have a significant impact on windstorm and bad-faith claim losses for property insurers.
First, the bad-faith reform legislation.
Auto insurers have for years fought for changes to Georgia’s auto claims-handling statutes, after the famous Southern General Insurance Co. vs. Holt court decision in 1992. Under that and later rulings, plaintiffs attorneys in auto accident claims have been able to make overly complicated, time-limited demands, known as “Holt demands,” designed to trip up insurers and force judgments far above policy limits, carriers and insurance defense attorneys have said.