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. Corporate Directors and Officers Nuts & Bolts: Travis-Pedersen and Associates of Arizona LLC offers a …

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. Tattoo & Body Piercing Nuts & Bolts: Professional Program Insurance Brokerage has enhanced its tattoo …

Alabama Business Owners Urged to Insure Before Disaster Hits

When the roaring 170 mph winds descended on Alabama’s Lawrence County on Feb. 6, Bobby Thurman’s first thought was not the financial strength of the poultry operation he manages for Smith Poultry. As flames licked the walls of The Brick …

Opponents to New Ala. Beer Law Say Higher Alcohol Content Unsafe

The Alabama House passed a bill Tuesday that would allow the sale of gourmet and imported beers that have an alcohol content as high as 13.9 percent. Under current law, beer sold in Alabama can’t have an alcohol level higher …

Legislators Adopt Resolution in Support of Agent Licensing Registry

The National Conference of Insurance Legislators’ Executive Committee unanimously adopted a widely supported Resolution in Support of the National Insurance Producer Registry (NIPR) and urged all states to fully implement NIPR services to eliminate unnecessary hurdles in producer licensing during …

Judge Dismisses Ala. Contempt Case against Miss. Attorney Scruggs

A federal judge dismissed a criminal contempt charge against Mississippi attorney Richard “Dickie” Scruggs last week, giving the prominent lawyer one less case to worry about as he fights a more serious bribery indictment. U.S. District Judge Roger Vinson ruled …

Ga. Official Says Tornadoes, Storms Caused $15 Million Damage

Thunderstorms and tornadoes that raced into Georgia from the west Tuesday morning caused about $15 million damage to some 1,300 homes, a state official said Wednesday. Insurance Commissioner John Oxendine earlier estimated insured losses to 1,000 homes across north Georgia …

Ala. Regulator to Insurers: Halt Non-renewals Based on Single Policies

Licensed Alabama property and casualty insurers that non-renewed policies on the condition of having other policies with the company must re-offer coverage to the consumers affected, according to a bulletin issued by the Alabama Insurance Commissioner Walter A. Bell. Also, …

SEC Queries Regions Financial over Mutual Fund Litigation

Regions Financial Corp, a large Southeast regional bank, on Wednesday said it has received information requests from the Securities and Exchange Commission regarding some Morgan Keegan mutual funds whose values plummeted as the credit crisis intensified. The Birmingham, Alabama-based company …

Alabama House Votes to Raise Auto Insurance Requirements

The state House approved legislation Tuesday that would bring Alabama in line with about half the South by raising the minimum amount of auto liability insurance that motorists must buy. The House voted 82-0 for legislation by Rep. Marc Keahey, …