Rates for some coastal property owners insured through the residual market insurance organization known as the Alabama Beach Pool are going up July 1. The overall average hike will be 5.5 percent, according to the Alabama Insurance Underwriting Association, the …
A former Montgomery, Alabama insurance executive has been sentenced to 12 years in federal prison for mail fraud and embezzlement in his insurance business. U.S. District Judge Myron Thompson imposed the sentence on John Goff and ordered him to pay …
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. Contractors General Liability Market Detail: London American Risk Specialists Inc. brings agents a commercial general …
The calls have all been similar pranks: A frantic man urges hotel desk workers or guests to set off a fire sprinkler, sound an alarm or bust windows. It’s always the same: Do it now! And, authorities said, they did. …
Alabama has a message for its neighbors: Don’t count on us next time you need shelter from a storm. And it’s not because Louisiana evacuees made a mess last time they came. Gov. Bob Riley said that Alabama will take …
The Alabama Supreme Court has overturned a multimillion-dollar verdict that a jury in Mobile awarded to a woman whose child died shortly after birth four years ago. The justices sided with Mobile OB-GYN in a malpractice lawsuit filed by Wendy …
A downturn in the commodity markets has slowed the number of thefts in the Montgomery, Alabama area. Police in Elmore and Autuaga counties say when scrap copper was selling for $3.50 a pound, they constantly responded to thefts of things …
PartnerOne Environmental, the underwriting division of Virginia-based wholesaler Beacon Hill Associates, says it can now offer workers’ comp coverage in conjunction with general liability or contractors pollution liability Coverage is provided by a group of A+ Rated insurance carriers with …
A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating to “a-” from “bbb+” of Guardian Insurance Company, headquartered in the U.S. Virgin Islands, both with stable outlooks. Best said the …
First National Bankers Bankshares Inc., based in Baton Rouge, La., has hired Delvan Irwin to the position of senior vice president for its newly-established FNBB Insurance Agency LLC. Irwin brings 20 years of experience in the insurance and financial services …
