Alabama News

Reaping the wind will be the responsibility of insurers

There seem to be many questions on the minds of consumers, agents and public policy makers about coastal insurance issues presently and in the future. As an industry, we have been forthright about insurance issues facing coastal residents and people …

Alabama licenses first captive

The Alabama Department of Insurance has licensed its first captive insurance company under legislation enacted in 2006 and signed into law by Gov. Bob Riley. Chantilly Risk Management, which is located in Montgomery, is the creation of Automotive Aftermarket Association …

New Markets

Hospitality Program Nuts & Bolts: Underwriters at PLIS are offering The Hospitality program, written on Lloyd’s paper covering named perils ranging from Aeromonas hydrophila to Yersinia enterocolotica. The policy has the benefit of: a “trade name trigger;” up to 25 …

New Markets

Hospitality Program Nuts & Bolts: Underwriters at PLIS are offering The Hospitality program, written on Lloyd’s paper covering named perils ranging from Aeromonas hydrophila to Yersinia enterocolotica. The policy has the benefit of: a “trade name trigger;” up to 25 …

Alabama licenses first captive

The Alabama Department of Insurance has licensed its first captive insurance company under legislation enacted in 2006 and signed into law by Gov. Bob Riley. Chantilly Risk Management, which is located in Montgomery, is the creation of Automotive Aftermarket Association …

New Markets

Monoline Energy Accounts Nuts & Bolts: MarketScout launched a new exclusive monoline energy workers’ compensation program that accepts most class codes related to the energy industry, including operations “over the hole” and USL&H exposures. Dollars: Statutory and $1 million employers’ …

Reaping the wind will be the responsibility of insurers

There seem to be many questions on the minds of consumers, agents and public policy makers about coastal insurance issues presently and in the future. As an industry, we have been forthright about insurance issues facing coastal residents and people …

Glass Company Ordered to Stop Windshield Rebates in Wash.

Washington Insurance Commissioner Mike Kreidler has ordered a national glass company to stop offering rebates to consumers who have their damaged vehicle windshields replaced by the company because the rebates violate state insurance laws. The Office of the Insurance Commissioner …

Ala.’s Bell Elected to Leadership of International Insurance Group

National Association of Insurance Commissioners (NAIC) President and Alabama Insurance Commissioner Walter Bell was recently elected vice chairman of the International Association of Insurance Supervisors (IAIS) Executive Committee. Bell was elected to his new post during the IAIS’ triennial committee …

State Farm to Retain Coverage of Some Coastal Ala. Residents

Approximately 135 homeowners in the Fairhope-Daphne area whose policies were set to be non-renewed by State Farm Insurance are expected to have their coverage retained. Previously, State Farm notified the Alabama Department of Insurance that it would non-renew 2,650 policies …