Farmers Insurance rescinds nonrenewal notices

"It was brought to our attention this week that Farmers Insurance had alerted their customers that they would be non-renewing any homeowner policies on homes with roofs over 15 years old in blatant violation of Georgia law," King said. "My office immediately took action, ordering Farmers to reverse course and rescind these scheduled non-renewals. I am extremely disappointed with the actions of Farmers and am contemplating further disciplinary actions at this time."

Under Georgia law, insurers are only allowed to change their underwriting guidelines for new business and cannot non-renew existing customers under new guidelines. Violations of Georgia insurance law are subject to monetary fines from the Insurance Commissioner's Office, among other penalties.