The U.S. Senate last week officially rejected a bid by Gulf state senators to add wind coverage to a financially strapped federal program that provides flood insurance. Lawmakers from Louisiana and Mississippi cited problems that occurred after Hurricane Katrina and …
The Alabama Legislature is ready to raise the minimum amount of auto liability insurance that motorists must purchase. The current limits under Alabama’s mandatory insurance law are $20,000 for a single injury or death, $40,000 for multiple injuries or deaths, …
The Alabama Legislature has passed a bill that will allow captive insurance companies to sell residential insurance along the Alabama coast. The House and Senate voted without dissent May 8 to give final approval to changes in the bill sponsored …
Four employees were injured in an explosion and fire that damaged an Alabama building-products mill early on May 7, company officials said. The injured workers at Louisiana-Pacific Corp.’s Oriented Strand Board mill were taken to a Mobile hospital for treatment. …
David W. Hobbs has joined Conshohocken, Pa.-based NSM Insurance Group as director of NSM Direct, which is the brokerage firm’s retail insurance operation. Hobbs previously held the position of president of HRH of Alabama. He has 20 years of experience …
Three hot-air balloons dropped asphalt shingles, lumber, sticks, leaves and pine needles onto a north Alabama landfill, so scientists at The University of Alabama in Huntsville could gather data needed to improve tornado warnings. The payloads dropped by the balloons …
A bill to renew the National Flood Insurance Program (NFIP) passed a key test vote in the U.S. Senate Tuesday, with aides saying they expected final action on the legislation before the end of the week. The Senate agreed by …
Alabama transportation officials are removing roadside memorials along interstates in the Birmingham area, saying they are dangerous to motorists. Officials also are considering whether to remove markers on federal and state routes. Birmingham Division Engineer Brian Davis of the Alabama …
San Diego, Calif.-based MGA and wholesale insurance broker Sloan Mason Insurance Services opened a new office in New Orleans, La. Sloan Mason specializes in the marine and energy business and will introduce specialty programs and coverages for vessel owners, shipyards, …
77% The drop in first quarter net income reported by Allstate Corp., which said it was hurt by write-downs in its investments and larger-than-expected catastrophe losses. Net income fell to $348 million, or 62 cents a share, from about $1.5 …
