Alabama homeowners insured by the state’s property insurer of last resort are paying less after the insurer implemented its first rate decrease in three years. The Alabama Insurance Underwriting Association last month called for an average 6.2 percent rate cut, …
Every property owner in North Carolina has a financial stake in the damage risk posed by Hurricane Irene, which could become the first to hit the state since a new method of paying for coastal storm damage allowed for reaching …
Caught square in the path of Irene, the first major hurricane of the season, the coastal insurance plans in North and South Carolina are prepared to absorb what may be their first major losses in years. Both plans appear to …
Alabama Gov. Robert Bentley has appointed 24 people to a panel that will examine the state’s insurance market and suggest improvements. The commission will be led by Baldwin County Probate Judge Tim Russell. Bentley has said he’ll hold a special …
More Alabama homeowners are seeking their insurance coverage through the state’s windpool as the trend of private insurers shedding their wind policies continues. The Alabama Insurance Underwriting Association, known as the windpool, grew by a third between February 2010 and …
Alabama Gov. Robert Bentley has renewed a campaign pledge to call a special session of the state legislature to find a solution for coastal residents seeking homeowners insurance. “I have made a commitment, and I’ve been keeping my commitments,” the …
A coalition of Florida charitable and business groups is pressing the state to eliminate assessments charged all policyholders to subsidize the state-backed insurance provider and hurricane claims fund. In a letter to Gov. Rick Scott, the groups called on him …
