Alabama News

New Orleans Port Locked in Katrina Insurance Dispute

The Port of New Orleans, trying to get back on track after Hurricane Katrina, is locked in a fight with an insurance carrier over more than $100 million in storm damage claims. The port is suing Factory Mutual Insurance Co., …

Alabama-Based Alfa Mutual to Buy Rest of Alfa Corp. for $840 Million

Life insurance company Alfa Corp. has agreed to be acquired by its majority owners, Alfa Mutual Insurance Co. and Alfa Mutual Fire Insurance Co., for about $840 million. Alfa Mutual will pay $22 per share for shares of Alfa Corp. …

W. Va. Co. Expands Recall of Smoked Salmon Dip to 19 States

House of Thaller Inc. has expanded its recall of smoked salmon dips sold in West Virginia and 19 other states. The company is recalling an additional 11,177 pounds of dip packaged in 7.5-ounce containers using the Kroger brand name, because …

State Farm Sues Mississippi Attorney General over Criminal Probe

State Farm Insurance Cos. is suing Mississippi’s attorney general for allegedly violating an agreement to end a criminal investigation of the insurer’s handling of claims on the Gulf Coast after Hurricane Katrina, according to court papers unsealed last week. State …

Report: Global Warming to Worsen Coastal Insurance Woes

Homeowners and businesses are finding it harder to afford, or even obtain, insurance in coastal states after catastrophes such as Hurricane Katrina, and global warming is going to make the situation worse, according to a report released by a nonprofit …

My New Markets

Agents E&O Nuts & Bolts: Market Scout is offering a broad coverage form from three different “A” rated carriers. Each insurer has agreed to provide up to 25 percent discounts for agencies that have 40 percent of their professional staff …

News Currents

Forensic says it doesn’t want to interfere with Lampton’s investigation, but argues that its employee’s hard drive may contain privileged information that should remain confidential. Katrina adjuster seeks to block Miss. grand jury access to hard drive An engineering firm …

My New Markets

Agents E&O Nuts & Bolts: Market Scout is offering a broad coverage form from three different “A” rated carriers. Each insurer has agreed to provide up to 25 percent discounts for agencies that have 40 percent of their professional staff …

My 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. Home Fuel Oil Delivery Nuts & Bolts: International Excess of Pittsburgh is offering coverage for …

My New Markets

Home Fuel Oil Delivery Nuts & Bolts: International Excess of Pittsburgh is offering coverage for propane, petroleum and fuel oil distributors. Coverages includes property, inland, commercial general liability, business auto and umbrella liability. p:Dollars: Up to $5 million. p:Carrier: Rated …