Alabama News

Timing of Georgia Insurance Chief’s Ethics Probe Stirs Controversy

An ethics activist is defending the State Ethics Commission’s decision to schedule a hearing involving GOP gubernatorial candidate and state Insurance Commissioner John Oxendine less than a month before the crowded primary contest in which he is a front-runner. George …

Gulf Oil Spill Threatens Mississippi, Alabama Islands

Oil from BP’s out-of-control Gulf of Mexico oil spill could threaten the Mississippi and Alabama coasts this week, U.S. forecasters said Monday, as public anger surged over the country’s worst environmental disaster. U.S. government and BP officials are warning that …

Georgia’s Insurance Chief Oxendine Faces Ethics Hearing Before Primary

Georgia Insurance Commissioner John Oxendine is scheduled to go before the state ethics commission less than a month before a crowded primary contest in which he is seeking the Republican nomination for governor. Stefan Passantino, Oxendine’s attorney, said his client …

Ratings Roundup: Infinity, West Bend Mutual

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Infinity Property & Casualty Group and its operating members. Best also affirmed the ICR of “bbb” and debt rating …

Smart Choice Agency Market Program Expands to 6 More States

The North Carolina-based Smart Choice Agents Program, which says it currently provides personal and commercial lines markets for some 3,000 independent agencies in 32 states, is expanding into six additional states. The program is moving into Arizona, Colorado, Nevada, New …

Road Hazard: 20% of U.S. Drivers Would Flunk If Given Driving Test

The nation’s most knowledgeable drivers are in Idaho, Wisconsin, Montana and Kansas, while the least knowledgeable are in New York, New Jersey, Hawaii and California. That’s according to results from the 2009 GMAC Insurance National Drivers Test, which found that …

Ratings: United Educators, North Country, Stonebridge, Farmers Union, Park, So. United Fire

A.M. Best Co. has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating of ‘A’ (Excellent) of United Educators Insurance, a Vermont-based Reciprocal Risk Retention Group (UE), with stable outlooks. The ratings reflect …

Tropical Storm Risk Forecasts Active 2010 Hurricane Season

Tropical Storm Risk (TSR) provides “real-time mapping and prediction of tropical cyclone wind fields worldwide.” The firm is co-sponsored by Aon Benfield, with RSA and Crawford & Company. It has just released a “pre-season outlook report to coincide with the …

Mississippi Home’s Concrete Structure Beats Winds, 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 …

Lawsuits Seek to Curb Deep Wells in Gulf of Mexico

Environmentalists seeking to curb oil drilling in the Gulf of Mexico have filed federal lawsuits to shut down a major BP platform and close a government loophole for new oil and gas exploration. The lawsuits, filed in Alabama and Texas, …