Wednesday, January 28, 2009

State Farm not leaving coast of Alabama - al.com

State Farm not leaving coast of Alabama - al.com: "State Farm's announcement that it will pull out of Florida's property insurance market is not a prelude to similar moves in coastal Alabama, company spokesman David Majors said Tuesday.

Instead, Majors said State Farm has decided to resume offering wind coverage in a small parts of Mobile and Baldwin counties where last year it had stopped writing new coverage.

Alabama Insurance Commissioner Jim Ridling said State Farm contacted him Tuesday to reassured him that Alabama's largest property insurer isn't leaving."