Alabama looking into coastal windstorm insurance and catastrophe bonds

Alabama is one of the U.S. states which sits on the Gulf Coast and as a result is exposed to significant hurricane risk. Discussions are underway in the state as legislators and groups such as the Affordable Homeowners Insurance Commission, which is a panel set up by the state governor read the full article →

Alabama’s tornado losses could exceed losses from Hurricane Ivan

The Alabama State Insurance Commissioner, Jim Ridling, said at a news conference yesterday that he expects the State to bear the brunt of the insured losses expected from the recent spate of tornadoes and severe thunderstorms across the southern U.S. EQECAT estimated the insured loss from the recent severe outbreak of read the full article →