Just as several other U.S. states are bragging about the growing number of captive insurers domiciled there – and are making changes to attract more captives – Alabama regulators have declared a temporary moratorium on those types of insurance companies. …
Starting this spring, surplus lines brokers in Alabama must file quarterly reports showing all surplus lines transactions, the state Department of Insurance said this week. The rule is in keeping with state law and took effect Jan. 1. The quarterly …
Nonresident surplus lines brokers working in Alabama, like their in-state brethren, must secure a $50,000 fidelity bond to be licensed in the state, starting Jan. 1. The Alabama Department of Insurance posted the bulletin last week. A form is available …
An Alabama woman was arrested after she was indicted by a grand jury, charged with multiple counts of insurance fraud. Allison Dawn Benton Davis, 53, of Dothan, was charged with 11 counts of insurance fraud, according to local news reports. …
The long arm of the Alabama Department of Insurance may be about to get a little longer, after the state House of Representatives approved bills that would exempt the department from sunset law provisions and would grant department investigators more …
The Strengthen Alabama Homes program has funded grants for 3,000 FORTIFIED roofs to help families protect their homes from severe weather, the Insurance Institute for Business & Home Safety (IBHS) said in a statement. The Strengthen Alabama Homes program, which …
Mike Weaver, who served as Alabama Insurance Commissioner under Gov. Guy Hunt from 1988 to 1993, passed away Sunday after an extended illness. He was 70. Weaver was a longtime resident of Randolph County, a graduate of Randolph County High …
The Alabama Department of Insurance has issued a bulletin providing information and directives regarding current deadlines/requirements in the Producer Licensing Division related to the COVID-19 emergency. The Oct. 1, 2020 bulletin modifies bulletins issued on March 25, April 29, May …
The Alabama Department of Insurance says it will waive filing fees and allow for immediate implementation of premium reductions by insurers in an effort to provide some relief to Alabama consumers. In a bulletin issued last week, Alabama Insurance Commissioner …
Alabama Commissioner of Insurance Jim Ridling has asked insurers writing business in the state to consider leniency and flexibility for policyholders in light of the current coronavirus outbreak, as well as confirmed that insurance operations can continue during shutdown orders. …
