Alabama Department of Insurance (ALDOI) News

3K Alabama Homes Now Strengthened to IBHS FORTIFIED Standards

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 …

Former Alabama Insurance Commissioner Mike Weaver Dies at 70

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 …

Alabama Insurance Dept. Makes COVID-Related Producer Licensing Modifications

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 …

Alabama Regulator Eases Process for Auto Insurers to Reduce Policyholder Premiums

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 Issues Industry Guidance on COVID-19, Classifies Insurance as Essential

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. …

Alabama Department of Insurance Names Workman as Deputy Commissioner

The Alabama Department of Insurance has announced Jerry Workman as Deputy Commissioner. Workman will succeed Deputy Commissioner and Chief Actuary Charles Angell, who is retiring in July of 2018. He will lead the department’s Rates and Forms, Consumer Services and …

NAIC Re-Accredits Alabama Department of Insurance for 5-Year Term

The Alabama Department of Insurance (ALDOI) announced Aug. 31 that it has been re-accredited by the National Association of Insurance Commissioners (NAIC) for a 5-year term. The ALDOI received its first NAIC accreditation in 1995. “I’m very proud of our …