Alabama News

Hurricane Katrina Changed the Market in Gulf States

Writing about the landfall of Hurricane Katrina five years ago, essayist Ellis Anderson of Mississippi likened the communities along the gulf to a string of pearls. “Then, in August 2005, in the course of a single morning, Katrina severed the …

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. Contractors Preferred Program Market Detail: Tangram Consulting and Underwriting Services Contractors Preferred Program is a …

Alabama Stresses Disaster Preparation

Alabama is observing National Preparedness Month with a series of activities starting on the first day of the month. Gov. Bob Riley says the events begin Wednesday with Be Ready Day in Birmingham’s Linn Park. Emergency workers, volunteers and faith-based …

Authorities Set Trial Date in Alabama Katrina Fraud Case

An Alabama woman is set for trial on a charges she conspired to defraud the federal government by preying on Hurricane Katrina victims who needed their properties rebuilt. The government seeks a judgment of $62,500 against Joyce E. Jordan, who …

Regions Financial Offering Personal Lines Insurance in 5 States

Alabama-based Regions Financial is expanding access to personal lines insurance for its bank customers in Tennessee, Indiana, Illinois, Iowa and Virginia. Customers will be able to purchase homeowners, renters, automobile, recreational vehicles, motorcycles, watercraft and specialty insurance products for personal …

ProAssurance to Acquire American Physicians Service Group

ProAssurance Corp., headquartered in Birmingham, Ala., and Austin, Texas-based American Physicians Service Group Inc. (APS) announced that ProAssurance plans to acquire all the outstanding shares of APS in an all-cash transaction for $32.50 per share. The transaction is expected to …

5 Years After Katrina Gulf Coast Building Codes Still Inadequate

Five years ago, Hurricane Katrina caused an estimated 1,300 tragic deaths as well as $41.1 billion in insured losses across six states. Louisiana and Mississippi suffered the brunt of Katrina’s wrath followed by Alabama. As we commemorate this terrible event …

Hurricane Katrina Changed the Market in Gulf States

Writing about the landfall of Hurricane Katrina five years ago, essayist Ellis Anderson of Mississippi likened the communities along the gulf to a string of pearls. “Then, in August 2005, in the course of a single morning, Katrina severed the …

BP Compensation Fund Opens for Business

A $20 billion compensation fund for economic victims of the BP Plc Gulf oil spill opens for business Monday amid accusations that the rules established by its administrator are unfair. Kenneth Feinberg who will run the fund said those who …

SUNZ Offers Workers’ Comp in More States

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