As private insurers reap profits, Alabama beach pool strains to cover coastal homeowners - Breaking News from the Press-Register - al.com

As private insurers reap profits, Alabama beach pool strains to cover coastal homeowners - Breaking News from the Press-Register - al.com: "MONTGOMERY, Ala. -- Property insurers have enjoyed profitable years in Alabama recently, but are also covering fewer coastal homeowners, according to industry data and some in the insurance business.

As a result, more coastal homeowners are turning to the state's insurer of last resort, concentrating risk in a pool that experts agree couldn't cope with all the costs if a big hurricane hit. In that event, policyholders throughout the state would likely have to help foot the bill."