Alabama News

Tropical Storm Claudette Hits Florida, Seen Fading

Tropical Storm Claudette, the third of the Atlantic hurricane season, moved ashore along the U.S. Gulf coast early Monday, the U.S. National Hurricane Center said. Claudette formed early Sunday morning. The storm hit the coast near the eastern end of …

Mississippi Commissioner Offers Alabama Advice on Coastal Insurance

The keys to holding down insurance premiums on the Alabama coast are strong enforcement of building codes, proper land use and mitigating homes against future disasters, Mississippi Insurance Commissioner Mike Chaney told an Alabama House of Representatives subcommittee this week. …

Swett & Crawford Adds Godde to Professional Liability Team in Atlanta

Gregg Godde is bringing his experience in the placement of directors and officers liability insurance for the healthcare, management liability and other professional services sectors to the Atlanta office of wholesale broker Swett & Crawford and its Professional Services Group. …

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. Vacant Property Market Detail: American Management Corp. offers property protection to owners of residential and …

Top 100 Privately-Held Property/Casualty Agencies

Top 100 Privately-Held Property/Casualty Agencies Ranked by Total 2008 P/C Premium Written 2008 Rank Agency Name, Main Office 2008 P/C Premium Written 2007 P/C Premium % Premium Change 2008 Other than P/C Premium 2008 P/C Revenue 2008 Rank by Revenue …

Top 20 Bank Holding Companies in Insurance Brokerage Fee Income

Top 20 Bank Holding Companies in Insurance Brokerage Fee Income (2008/Nationally) Rank 2008 Insurance Brokerage Fee Income Bank Holding Company Name City, State 1 $1.60 billion Wells Fargo & Co. San Francisco, Calif. 2 $1.21 billion Citigroup Inc. New York, …

It Figures

$11.5 Million The amount the CFO Alex Sink says her office helped Floridians recover in the first six months of this year in claim payments and premium refunds, including one case that resulted in a $1.2 million payment on a …

Why Bankruptcy Rates Vary By State

State Policies, More Than Differences Among People, Tend to Influence Bankruptcy Rates Twenty-four percent of agents and brokers have had business customers go into bankruptcy in the past two years; another 24 percent have had customers file for personal bankruptcy, …

Top 20 Banks in Insurance Brokerage Fee Income

Top 20 Banks in Insurance Brokerage Fee Income (2008/Nationally) Rank 2008 Insurance Brokerage Fee Income Bank Name City, State Web site 1 $860.34 million Branch Banking and Trust Co. Winston Salem, N.C. www.bbt.com 2 $860.00 million Citibank, National Association Las …

Auditor: TVA Lawyers Limited Ash Spill Report

The Tennessee Valley Authority failed for more than 20 years to heed warnings that might have prevented a massive coal ash spill in Tennessee, then allowed its lawyers to stifle a $3 million study into the disaster’s cause to limit …