Tag: Alabama Department of Insurance

More health insurance options are coming to Alabama

S.Vagus
health insurance industry

New policies are expected to be made available through state’s exchange later this year Alabama residents are set to have more options when it comes to purchasing insurance coverage through the state’s exchange later this year. The Alabama Department of Insurance has announced that United Healthcare has submitted plans to participate in the state’s exchange. These plans are currently being reviewed and are expected to be sold through the exchange during the next open enrollment period, which will begin on November 15 of this year. United Healthcare wants to participate…

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Alabama takes a stern step in regards to auto insurance

Alabama auto insurance

New auto insurance law going active in Alabama Alabama lawmakers consider uninsured vehicles to be a significant problem for  the state and have begun to take action. State lawmakers have passed a new law concerning auto insurance and those without coverage. Beginning January 1, 2013, uninsured drivers will be facing stricter penalties for lack of auto insurance coverage. The new law introduces several methods of detection that are expected to root out those without adequate auto insurance coverage and may encourage these people to purchase the coverage they need to…

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April tornados cause more than $2.2 billion in damage, according to Alabama insurance officials

Julie Campbell

The Alabama Department of Insurance has released the latest numbers concerning insured losses from the tornado outbreak in April of last year. A series of devastating tornados hit the state in late April, causing large amounts of damage to homes, businesses, automobiles and claiming a number of lives. The latest estimates of damage do not account for the claims paid through surplus insurance lines from companies like Lloyd’s of London. The estimates only concern insurance payouts that come from insurers regulated by the state. According to the Department of Insurance,…

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