The troubled U.S. flood insurance program would be temporarily extended for seven months under legislation introduced in Congress Thursday, buying time for lawmakers to work out deep disagreements over reforming the debt-burdened program. The short-term extension would prevent the National …
ProAssurance Corp., based in Birmingham, Ala., announced its held exposures related to financial institutions recently in the headlines. ProAssurance reported it holds $ 21.6 million in Lehman Brothers senior notes; $8.9 million in Federal National Mortgage Association preferred stock; $1 …
Jim L. Ridling began his new job as Alabama Insurance Commissioner on Sept. 15 under appointment by Gov. Bob Riley Ridling entered a management training program in 1967 with Fireman’s Fund Insurance. This lead to several management positions and culminated …
Both leaders of the U.S. Senate Banking Committee Tuesday expressed reservations about the federal government intervening to help insurer American International Group Inc. Connecticut Democratic Sen. Christopher Dodd, chairman of the financial market oversight panel, said he is generally “skeptical” …
Everest Security Insurance Co., a U.S. insurance subsidiary of Everest Re Group Ltd., is now offering non-standard automobile insurance in South Carolina through its network of independent agents. Everest Security Insurance Co. underwrites non-standard automobile insurance in Georgia and Alabama …
Still recovering from Labor Day’s Hurricane Gustav, south Louisiana braced Sept. 11for a brush with Ike, a powerful hurricane on a projected course for the Texas Gulf Coast. Calcasieu Parish officials in Louisiana’s southwestern corner ordered a mandatory evacuation for …
Hurricane Ike gathered strength as it churned through the Gulf of Mexico’s warm waters Thursday on a track that would skirt the heart of the U.S. offshore oil patch before slamming into the Texas coast late Friday or early Saturday. …
Manhasset, New York-based NIF Property Solutions, a division of NIF Group, Inc., said it will act as the exclusive underwriter of a new product for property risks in 14 East and Gulf Coast states. The product is being offered in …
Norcross, Georgia-based NovaNet, a national preferred provider organization, expanded its offerings to include a national workers’ compensation network. With direct contracts in Alabama, Georgia, Florida, South Carolina and Tennessee and affiliate PPO relationships in other states, NovaNet is able to …
Foreclosures haven’t hit local condominium associations in coastal Alabama as much as their peers in some states, but that may change as new assessments are sent out to help pay for insurance. Condo foreclosures hit a plateau about six months …
