Alabama News

Report Suggests Gulf Coast Properties Not Much Safer Since Katrina

Louisiana has done a good job upgrading its building code requirements in the five years since Hurricane Katrina, but Alabama and Mississippi have not, according to a new report from the Institute for Business and Home Safety. “While there have …

Oklahoma Implements Web-Based System to Help Regulate Insurance

The Oklahoma Department of Insurance announced it is expanding its use of the Web-based State Based Systems (SBS) to improve back-office processing of insurance regulation. SBS is a solid, web-based solution that supports all aspects of insurance regulation via a …

OneBeacon, Frontline to Offer Motor Truck Cargo Program in Nine States

OneBeacon Insurance Group has formed an alliance with Frontline Underwriters, Inc. to offer a new motor truck cargo program to transportation customers in nine states: Alabama, Arkansas, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas. A full suite …

Alabama Gets $1 Million Flood Aid

Alabama will get some $1 million in federal cash for the city of Albertville’s recovery from April’s tornado and storms. U.S. Rep. Robert Aderholt, R-Haleyville, announced Wednesday that the U.S. Department of Homeland Security’s Federal Emergency Management Agency would award …

Alabama Becomes First State to Sue BP, Others for Gulf Oil ‘Catastrophe’

Alabama is suing BP Plc, Transocean and Halliburton for “catastrophic harm” caused by the Gulf of Mexico oil spill, the state’s attorney general said Friday. Alabama is the first state to sue BP for damage from the world’s worst offshore …

BP Oil Spill Disaster Creates Some Opportunities

No matter which television channel or Web site you turn to, the Gulf oil spill has dominated the news. This is an environmental crisis that will affect the region’s economic capabilities and natural resources for years, if not decades, to …

Alabama Buys Hurricane Policy

Alabama will pay $800,000 annually for three years to an insurance company as a hedge against heavy damage to state property on the coast from a major hurricane. Under the deal that took effect last month, global insurer Swiss Re …

Bell Joins Insurance Industry Charitable Foundation Board

The board of governors of the Insurance Industry Charitable Foundation (IICF) based in Walnut Creek, Calif., has appointed Walter A. Bell, chairman of Swiss Re American Holding Corp., to its national board of governors. Bell has a long and distinguished …

Schinnerer Enhances Construction Management Program

Victor O. Schinnerer & Company, Inc. has made two enhancements to its construction management program to better meet the needs of policyholders. Effective immediately, there is no longer a residential cap in the Construction Management program. Schinnerer is now able …

Japan Tanker: Al Qaeda Claims Responsibility; Insurers Monitor Events

A militant group linked to al Qaeda said on Wednesday that a suicide bomber was responsible for a mysterious explosion on a Japanese-owned oil tanker a week ago near the Strait of Hormuz. But analysts are sceptical about the belated …