January 25, 2008
Three Florida residents have sued Alabama-based Liberty National Life Insurance Co. claiming their insurance was canceled or undervalued because of discrimination against Haitian-Americans. The new class-action lawsuit was filed by three Haitian-Americans seeking at least $75,000 in compensatory damages. The …
January 24, 2008
Investigators have determined arson was to blame for a fire that destroyed a church near Clanton, Ala., last month, but they don’t know if the blaze was linked to one set a week later at another church in the same …
January 24, 2008
The expected reduction in policyholders’ surplus when Alfa Mutual Group follows through on its plan to privatize Alfa Corp. later this year caused Fitch Ratings to maintain its negative rating watch on the following ratings of Alfa Group: Alfa Corp.: …
January 23, 2008
Alabama residents of Lamar and Pickens counties may be eligible for federal assistance resulting from the severe storms and tornadoes that passed through the area on Jan. 10. These counties are eligible because they are contiguous to one or more …
January 22, 2008
AI Risk Specialists Insurance, Inc., a brokerage subsidiary of American International Group, Inc., has unveiled LexExpress, excess auto liability insurance for small to medium sized fleets in the trucking industry. It is designed to provide limits of $1,000,000 in excess …
January 18, 2008
Cardella Cummings’ car wreck left her dizzy and confused. Her insurance paid for the damage, but not because the accident was her fault. “I thought you had to have insurance because it’s the law,” the 54-year-old Chattanooga resident said of …
January 17, 2008
Peoria, Ill.-based RLI added Mike Robinson as southeast regional manager for its Executive Products Group at the company’s newly established Alpharetta, Ga. office. Robinson will be responsible for the management of EPG’s Financial Products Policies including, but not limited to, …
January 17, 2008
Alabama investigators said a blaze that gutted a Blount County church on Tuesday was an accident, but they are still trying to determine whether there was a link between two church fires in Chilton County. Flames burned through the roof …
January 16, 2008
Former eight-term Insurance Commissioner of Mississippi, George Dale, joined Adams and Reese LLP as a Senior Governmental Affairs Advisor (non-lawyer) and a member of the Governmental Relations. Adams and Reese Managing Partner, Charles “Chuck” P. Adams Jr., said Dale’s accomplishments, …
January 15, 2008
A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and the issuer credit ratings (ICR) of “aa-” of Alabama-based Alfa Insurance Group and its members. Concurrently, A.M. Best has affirmed the ICR and debt ratings of …