MONTGOMERY -- A state Senate committee Wednesday approved three bills intended to help with the affordability and availability of property insurance along the Alabama coast.
The Senate Banking and Insurance Committee approved the bills unanimously.
The most comprehensive one is sponsored by state Sen. Ben Brooks, R-Mobile. It would overhaul the beach pool, or the Alabama Insurance Underwriting Association, which is the insurer of last resort for coastal residents.
A bill sponsored by Sen. Roger Bedford, D-Russellville, would put the beach pool into state law. According to Bedford, Insurance Commissioner Walter Bell said during a hearing earlier this year that Alabama is the only state where the beach pool is not included in state law.
Brooks said Bedford's bill is good, but "we have got to do more."
The third bill, also sponsored by Brooks, would allow captive insurance companies to sell automotive coverage along with homeowners policies.
Click here to read the full article from the Mobile Press-Register.
Click here to read the bill by Ben Brooks on the WKRG-TV website.
