Alabama News

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. Fire Protection Contractors Market Detail: McNeil & Co. brings agents the FireWatch Program. This is …

It Figures

6.4% The workers’ compensation rate increase approved by Florida Insurance Commissioner Kevin McCarty effective April 1. The increase reflects the impact from the Oct. 23 Florida Supreme Court opinion in the case of Emma Murray v. Mariner Health Inc. That …

Areas with Flood Policy Sales Potential

The GAO compared the number of NFIP policies in a given area as of September 2006, with the total number of county flood declarations from January 1980 to June 2008, cumulative flood claims payments from January 1978 to April 2008, …

Federal Jury Finds Former Alabama Insurance Exec Goff Guilty

A federal court jury in Montgomery has convicted Montgomery insurance executive John Goff. Jurors returned the verdict Tuesday morning in its second day of deliberations. Goff was found guilty of mail fraud, embezzlement and filing a false report with the …

Alabama Jury Deliberates Fate of Former Insurance Exec Goff

Prosecutors told a federal jury Friday that Montgomery insurance executive John Goff stole millions to finance a lavish lifestyle. Defense attorneys said Goff was indicted for what was simply a business dispute with two subsidiaries of XL America Corp. The …

Merchants Insurance Group’s New E&S Subsidiary OK’d in 10 States

Buffalo, N.Y.-based Merchants National Insurance Company, a wholly-owned excess and surplus lines subsidiary of Merchants Insurance Group, began accepting new business on Feb. 1, 2009. The company reported as of that date it has been approved in 10 states. The …

Oklahoma Town Surveying Damage After Twisters Kill 8

Insurers such as Zurich and Farmers have announced they are sending catastrophe response teams to Arkansas, Oklahoma and Texas, areas pummeled by severe weather earlier this week. Especially hard hit by a cluster of tornados on Feb. 10 was Lone …

First Trial Dates Set For FEMA Trailer Suits in New Orleans

A federal judge in New Orleans has scheduled the first four trials for a batch of lawsuits filed on behalf of hurricane victims who claim they were exposed to potentially toxic fumes while living in government-issued trailers. An order issued …

Areas with Flood Insurance Policy Sales Potential

GAO compared the number of NFIP policies in a given area, as of September 2006, with the total number of county flood declarations from January 1980 to June 2008, cumulative flood claims payments from January 1978 to April 2008, and …

It Figures

1 in 6 The approximate ratio of drivers across the U.S. expected to be driving uninsured by 2010, according to the Insurance Research Council. The group says the economic downturn is expected to trigger a sharp rise in the uninsured …