But Walter Bell warns coastal residents not to expect pre-Ivan premiums Thursday, January 10, 2008 Staff Reporter
By RYAN DEZEMBER
POINT CLEAR -- The state's top insurance regulator told a gathering of residents, elected officials and business leaders Wednesday that wind insurance premiums for commercial properties, including Gulf-front towers, are falling and that the cost of residential policies would likely follow.
But Alabama Insurance Commissioner Walter Bell warned that no one should expect the cost of property insurance to dip below levels seen prior to 2004's Hurricane Ivan.
Bell was the keynote speaker at the Eastern Shore Chamber of Commerce's morning-long Coastal Insurance Symposium, which about 300 attended at Marriott's Grand Hotel outside Fairhope.
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