The Independent Insurance Agents of Georgia (IIAG) has announced its support for Governor Brian Kemp's initiative for legal reform aimed at protecting the insurance industry. This announcement was made via LinkedIn on January 31.
According to their LinkedIn post, the IIAG expressed full support for Kemp's efforts to introduce legal system reform at the Georgia State Capitol. The proposed comprehensive bill seeks to protect the insurance industry. The organization is calling for immediate action and inviting participants to join Capitol Day on February 18 to advocate for these reforms and strengthen industry involvement.
Fox 5 reports that Kemp is prioritizing tort reform to address lawsuits and rising insurance premiums, which have increased by 30% to 100% for Georgia businesses. "We cannot afford another year of this," Kemp said, warning of a potential special legislative session if reforms fail. Defending the plan, he also said, "This is not a pro-lawyer bill...this is a pro-Georgia consumer bill."
According to the Office of the Governor, Senator John F. Kennedy supports Kemp’s tort reform efforts. Kennedy remarked that "Georgia’s current legal environment raises prices and undermines the ability of job creators to start and grow their business." He further explained that the legislation aims to "stabilize costs for families and consumers."
The U.S. Chamber of Commerce reports that in 2022, Georgia's tort costs totaled nearly $20 billion, representing 2.60% of the state’s GDP and averaging $5,050 per household. These costs are largely driven by nuclear verdicts where jury awards exceed $10 million in medical and premises liability cases, which subsequently raise insurance premiums and legal fees. Such financial burdens on households underscore an urgent need for targeted legal reforms to create a more efficient and sustainable legal system in Georgia.
According to their website, the IIAG is Georgia’s premier trade association for independent agents, dedicated since 1897 to advancing the independent agency system, enhancing industry professionalism, and providing top-tier solutions.