Representatives from a Boston-based insurance company personally presented a $2 million check to Gov. Bob Riley and Enterprise city officials as the first installment toward the coverage of two Enterprise schools damaged by a tornado on March 1.
Officials from Lexington Insurance presented the check at the State Capitol on March 12. The insurance company participates in the in the State Insurance Fund (SIF), the state’s property insurance program.
The SIF, supported by Lexington and its other excess insurers, will provide additional millions in assistance to the Enterprise school system as it recovers from its devastating loss.
Jim Main, State Finance Director, said, “I am very encouraged by the fact that the state’s reinsurers are responding to the Enterprise disaster without hesitation. Lexington is to be commended for advancing much-needed funds in this manner.”
Source: Office of the Governor of Alabama
Topics Catastrophe Carriers Natural Disasters Windstorm Alabama
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