Coastal insurance cuts in Mobile, Baldwin counties stun local leaders | Breaking News from the Press-Register - al.com

Coastal insurance cuts in Mobile, Baldwin counties stun local leaders | Breaking News from the Press-Register - al.com: "MOBILE, Ala. -- Local leaders said Wednesday that they were stunned by additional cuts in coastal insurance, warning it puts the area further from a functioning, competitive market.

'My feeling is way beyond disappointed,' said state Sen. Ben Brooks, R-Mobile, who has led efforts to change state insurance laws. 'My feeling is one of disgust at the way these companies are treating the citizens of the two counties.'

Insurance industry members said the 14,000 policyholders who will lose wind coverage from Allstate Corp. and Alfa Mutual group over the next 18 months likely will be able to find coverage, but will pay more and may get less."