Alabama News

Tropical Storm Ida Pounds Gulf States with High Winds, Heavy Rains

A weakening Tropical Storm Ida lashed the U.S. Gulf Coast with drenching rain and high surf Tuesday as it moved ashore after shutting down almost 30 percent of Gulf of Mexico energy production. Ida, once a Category 2 hurricane, made …

Southeast States Among Most Exposed to Climate Change

Poverty and climate hazards make the southeast United States the country’s most vulnerable area to climate change impact, Oxfam America said. A report released by the relief organization identified high-risk “hotspots” across 13 southeast states from Arkansas to Virginia where …

Florida’s Homeowners Choice Has Eye on Merger with 21st Century Holding

Homeowners Choice, Inc., a Florida-only homeowners insurance company founded in 2006, has sent a letter to the board of directors of 21st Century Holding Co. proposing a merger between the two companies. In an Oct. 12 letter addressed to Bruce …

21st Century Holding Targeted by Florida Insurer

Homeowners Choice, Inc., a Florida-only homeowners insurance company founded in 2006, has sent a letter to the board of directors of 21st Century Holding Co. proposing a merger between the two companies. In an Oct. 12 letter addressed to Bruce …

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. Apartments Low Income Subsidized Housing Market Detail: Housing Insurance Services offers programs through two admitted …

Alabama Attorney’s Suit Against Scruggs Assigned to Judge in Texas

A federal judge in Texas has been assigned to preside over an Alabama attorney’s lawsuit that alleges imprisoned attorney Richard “Dickie” Scruggs and several others conspired to defraud him of millions in legal fees. Fifth U.S. Circuit Court of Appeals …

Southeast States Among Most Exposed to Climate Change Impact: Report

Poverty and climate hazards make the southeast United States the country’s most vulnerable area to climate change impact, Oxfam America said. A report released by the relief organization identified high-risk “hotspots” across 13 southeast states from Arkansas to Virginia where …

Alabama Supreme Court Throws Out $274M in Verdicts Against Drug Makers

The Alabama Supreme Court last Friday threw out jury decisions awarding the state more than $274 million from three pharmaceutical companies, ruling they did not defraud the state in pricing Medicaid prescription drugs. The court overturned jury verdicts against the …

People

Brian Duperreault, president and CEO of Marsh & McLennan Cos. Inc., has extended his employment with MMC through January 2014. Duperreault has held this position since January 2008. Prior to joining MMC, Duperreault served as CEO and later chairman of …

Florida’s Homeowners Choice Makes Bid for 21st Century Holding

Homeowners Choice, Inc., a Florida-only homeowners insurance company founded in 2006, has sent a letter to the board of directors of 21st Century Holding Co. proposing a merger between the two companies. In an Oct. 12 letter addressed to Bruce …