Alabama News

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. PEOs Market Detail: Reliance Administrators, Inc. offers coverage for prospective clients, professional employment organizations, ASOs, …

BP Denies Alabama Claim Over Oil Spill

BP Plc has turned down Alabama’s claim for $148 million in lost government revenue due to the worst oil spill in U.S. history, the state’s attorney general, Troy King, said Friday. BP denied the claim because it said there was …

U.S. Judge Sets December Date for Health Care Suit Hearing

A Florida judge said Tuesday he would hear arguments Dec. 16 on a lawsuit by 20 U.S. states seeking to block President Barack Obama’s overhaul of the U.S. health care system. U.S. District Judge Roger Vinson, who is weighing a …

Georgia-Based AssuranceAmerica Names New CFO

AssuranceAmerica Corporation announced today that Sheree Williams has joined AssuranceAmerica Corporation as its Senior Vice President and Chief Financial Officer effective September 13, 2010. Ms. Williams was most recently VP of Finance at 21st Century Insurance and Financial Services (previously …

Alabama’s Protective Life Acquires United Investors Life

Protective Life Corporation, of Birmingham, Ala., today announced that its principal subsidiary, Protective Life Insurance Company, has signed an agreement to acquire United Investors Life Insurance Company from Liberty National Life Insurance Company for a purchase price of approximately $316 …

BP Report Finds Multiple Companies, Workers Caused Gulf Oil Disaster

BP’s Deepwater Horizon oil disaster in the Gulf of Mexico was not caused by a single factor but by “multiple companies and work teams,” according to the oil giant’s internal investigation. BP’s report concludes that a sequence of failures involving …

Texas Approves 16 Companies to Self-Insure for Workers’ Comp Claims

The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved one initial application and 15 renewals of the Certificates of Authority for companies to self-insure their workers’ compensation claims for a one-year period under the TDI-DWC Self-Insurance Program. These …

How Katrina Changed Markets

Industry Came Through Five years after Hurricane Katrina lashed the coast and sunk New Orleans, it is true that the area has largely recovered, but it is not the same Gulf Coast it once was. The same is true for …

Gulf States’ Post-Katrina Building Codes Get Low Marks

Louisiana has done a good job upgrading its building codes in the five years since Hurricane Katrina, but Alabama and Mississippi have not, according to the Institute for Business and Home Safety. “While there have been positive steps taken in …

Business Moves

SUNZ SUNZ Insurance Co. of St. Petersburg, Fla., has gained the rights to provide workers’ compensation in four more states. The added states are Louisiana, Mississippi, Texas and Arizona. SUNZ, which is five years old, began by providing workers’ compensation …