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. Waste Haulers Market Detail: ELM Insurance Brokers Inc. offers automobile and general liability coverage for …

Safeco, Montgomery Insurance Unveil Southeast Regional Operations

The effects on the Southeast of Liberty Mutual’s acquisition of Safeco Insurance became clearer as the insurer announced its regional line-up of companies and personnel. Montgomery Insurance and Safeco are part of Liberty Mutual Agency Markets, Liberty Mutual Group’s unit …

Study Shows Tennessee Would Lose Most People, Buildings from Earthquake

A new federal study of the New Madrid Seismic Zone predicts Tennessee would see the highest level of damage if there is a 7.7 magnitude earthquake. The Federal Emergency Management Agency released the two-year study as part of the Catastrophic …

Alabama’s Baldwin County Backs Captive as Coastal Insurance Option

County commissioners in Alabama’s Baldwin County have voted to endorse the concept of “captive insurance” in the hopes of helping the struggling construction industry on Alabama’s Gulf Coast. Following the devastating hurricane seasons of 2004 and 2005, insurance costs shot …

Habitat for Humanity Homeowners in Mississippi Struggle to Pay Insurance

In four states along the hurricane-ravaged Gulf Coast, Habitat for Humanity came with a mission to build hundreds of homes during a spring blitz so people pushed into poverty after Katrina would have the chance to own a home. Many …

BancorpSouth to Decline Bailout Funds

Mississippi-based BancorpSouth Inc. has announced it will not apply for federal bailout funds. Aubrey Patterson, chairman and chief executive officer of BancorpSouth, said that it was in the best interest of shareholders to continue with a conservative capital management plan …

Alabama Bar President Seeks Probe of State Supreme Court Race

The president of the Alabama State Bar has asked the state attorney general to investigate the conduct of politically active groups that got involved in the race for the state Supreme Court. In a letter to Attorney General Troy King, …

States Made History in November Election, Too

Barack Obama wasn’t the only one to make history Nov. 4 when he was elected the first black U.S. president. Statehouses also broke ground on several fronts. New Hampshire became the first state in U.S. history to give women the …

Mississippi Rebuilds Its Insurance Markets

Wind Pool Modernization, Better Building Code Enforcement and Carrier Recruitment Efforts Begin to Pay Off Back in January, when Mike Chaney was getting ready to be sworn in as Mississippi insurance commissioner after his November victory at the polls, he …

Alabama Insurance Agent Parker Falls Short in Race for Congress

Democratic state Sen. Parker Griffith won a hotly contested election to the open 5th Congressional District seat in north Alabama, keeping the seat in his party’s column where it has been for more than 100 years. Griffith narrowly defeated Huntsville …