Bill would let regulator claw back insurers’ excess auto profits after repeated over-performance HB1274 would require insurers to disclose expected profit in rate filings and permit recovery of excess profits if companies exceed that expected profit in three consecutive years; proponents cited Florida’s experience, including a recent $1 billion refund in one case.

A new bill in Georgia could force auto insurers to return excess profits to customers, potentially putting hundreds back in your pocket!

Learn more here

#GA #InsuranceTransparency #GeorgiaConsumerProtection #CitizenPortal #MarketStability #ExcessProfitReform