State Farm’s withdrawal from Florida’s property insurance market hasn’t changed its Alabama coastal coverage.
State Farm spokesman David Majors said the company will resume offering wind coverage in small parts of Mobile and Baldwin counties where last year it had stopped writing new coverage because of hurricane losses.
The Mobile County area includes parts of Theodore, Irvington and Grand Bay north of U.S. 90 and south of Interstate 10. In Baldwin County, the company has resumed offering wind coverage in areas of Foley and Elberta south of U.S. 98, as well as in areas of Spanish Fort and Daphne just north of I-10.
Citing losses in Florida, State Farm said it will withdraw from selling property insurance in that state over two years, dropping 1.2 million customers.
___
Information from: Press-Register,
http://www.al.com/mobileregister
Topics Alabama
Was this article valuable?
Here are more articles you may enjoy.
Study Finds ‘Alarming’ High Flood Risk for 17M Americans on Atlantic, Gulf Coasts 
Another Appeals Court Balks at Class Action Over Auto Insurers’ ACV Methods 
‘The Arms Race Is On’: Chubb’s Greenberg on Mythos, Middle East 
GEICO Responds After Error Sent Cancellation Notices to Florida Drivers 
