Alabama News

NATIONAL COVERAGE

S&P Says Midwest-Focused Insurers at Risk N2 | Washington Report House Subcommittee Moves Key Federal Bills N4 | Home Insurers Bitten by $350 Million in Dog Claims Average Liability Claim Tops $24,000 N6 | Conning: Insurers’ Financials Strong, Despite Price …

New Markets

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. Builders Risk and Affiliated Exposures Market Detail: Atlantic Risk Specialists (www.arspecialists.com) brings builders …

Alabama Troopers to Crackdown on Speeding, Impaired Driving

Yes, there will be more Alabama state troopers patrolling state highways this week. Beginning Aug. 18, troopers were on the lookout for drivers who violate traffic laws. The Department of Public Safety said troopers will also use vans called “BAT …

Ala. Regulator Bell Named Chairman, Swiss Re America Holding Corp.

Swiss Re appointed Walter A. Bell as chairman of Swiss Re America Holding Corp. Bell, whose appointment with Swiss Re is effective Sept. 2, is currently insurance commissioner of the Alabama Department of Insurance, a position he has held since …

School Bus Overturns on Muddy Alabama Road, 16 Students Injured

A school bus accident in Alabama’s southern Dale County sent sixteen students to hospitals with minor injuries. Dale County School Superintendent Phillip Parker said the mishap occurred Aug. 12 around 3:30 p.m. on a dirt road, near County Road 59. …

Bell Leaving Alabama Insurance Post

Walter A. Bell, the first Alabamian to serve as president of the National Association of Insurance Commissioners, will be leaving his position as state insurance commissioner at the end of August, Gov. Bob Riley announced. “It has been my genuine …

Alabama Updates Licensing Process for Insurance Professionals

Since the beginning of Alabama Gov. Bob Riley’s administration, Insurance Commissioner Walter A. Bell said it has been the Department’s goal to streamline insurance regulation and to reduce red tape. “From the day I started as commissioner, I wanted this …

ProAssurance Announces $100 Million Repurchase Authorization

The Board of Directors of Birmingham, Alabama-based ProAssurance Corp. authorized $100 million to repurchase its shares or retire outstanding debt. The authorization is effective immediately, but the timing and quantity of any purchases will depend on market conditions and changes …

West Virginia Officials Rip Proposed Shelter Regulations

Officials in West Virginia, the country’s largest underground coal-producing state, lashed out against proposed federal regulations that would mandate airtight emergency refuges in more than 600 underground coal mines nationally. Officials who helped craft West Virginia’s own refuge rules criticized …

Alabama Insurance Agent Parker Wins Republican Runoff

Huntsville insurance agent Wayne Parker won the Republican nomination for an open U.S. House seat in Alabama. In the 5th District in north Alabama, Parker received 79 percent to 21 percent for Huntsville lawyer Cheryl Baswell Guthrie. Parker will face …