The Alabama Hurricane Issues Task Force headed by Walter A. Bell, Insurance Commissioner, has recommended a new regulation that would force insurers to give 60 days notice to policyholders whose insurance will be changed or canceled, and concluded that Alabama’s insurance regulations and laws need to be changed.
The task force, in cooperation with the Alabama Independent Insurance Agents, released a five-page list of wind damage insurers and local agents willing to offer coastal coverage.
Members agreed that the state’s insurance laws and regulations need to be updated to better protect consumers without scaring away insurers.
Topics Legislation Alabama
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