Alabama News

Medicus Insurance Appoints Roque as Southeast Market Manager

Austin, Texas-based medical professional liability insurance carrier, Medicus Insurance Co., has hired Michael Roque as Regional Market manager for the Southeast region. Roque has been actively building a network of healthcare providers and agents in the Southeast territory, as Medicus …

Obama Seeks BP Escrow Account to Cover Oil Claims

President Barack Obama will press BP executives this week to set up an escrow account to pay damage claims by individuals and businesses hurt by the Gulf of Mexico oil spill disaster. The move comes as Obama, who will address …

Mississippi, Florida AGs Putting Pressure on BP

Attorneys general in Florida and Mississippi are upping the political pressure on BP over the oil gusher that is threatening their states and the entire Gulf Coast. Florida Attorney General McCollum sent a letter to BP asking the company to …

Mississippi Home’s Concrete Structure Cuts Insurance Cost

The Dubuisson home will resemble others in the traditional Pass Christian neighborhood when construction is complete this summer yet underneath will be a superstructure built to withstand 200 mile-per-hour winds and cut wind insurance premiums to $1,000 a year. The …

Business Moves

PURE Risk Management PURE Risk Management LLC, based in White Plains, N.Y., is expanding its Privilege Underwriters Reciprocal Exchange (PURE), a member-owned reciprocal insurer, to offer comprehensive, customized property and casualty insurance coverage to responsible owners of well-built, high-value homes …

Judge: Policy Didn’t Cover Chinese Drywall Damage

An insurance company doesn’t have to pay for damages at a Virginia man’s home ruined by Chinese-made, sulfur-emitting drywall, a decision by a federal judge Thursday that could affect how lawsuits by thousands of U.S. homeowners are settled. Judge Robert …

Florida Senator: Obama Not Doing Enough for State

U.S. Sen. George LeMieux criticized President Barack Obama’s handling of the Gulf oil spill Saturday, saying he hasn’t done enough to help Florida and the other affected states or their residents. Obama visited Louisiana’s Gulf Coast on Friday, hours after …

BP Lowers Containment Cap onto Wellhead But Uncertainty Remains

BP Plc managed Thursday to lower a containment cap onto its ruptured deep-sea wellhead in the Gulf of Mexico in a high-stakes bid to siphon off some of the oil billowing from its gusher. U.S. President Barack Obama canceled his …

Oil Reaches Alabama’s Dauphin Island; Florida Panhandle on Alert

Teams of workers in protective boots and gloves scoured Alabama’s Dauphin Island Wednesday for washed up tar balls and tar patties that have put the 14-mile-long resort in the front line of the state’s fight against the Gulf of Mexico …

Florida’s Pensacola Beach First in State to Suffer Oil Effects

Oil sheen and tar balls have washed ashore on a northwest Florida beach crowded with holidaymakers and swimmers in what appeared to be the first impact on the state from the Gulf of Mexico oil spill, authorities and witnesses said …