Insurers tip-toe into coastal markets in Alabama

handful of new insurers have trickled into the coastal markets of Alabama and Mississippi in the last year, offering new options to some homeowners.

In Alabama, insurers have announced plans to cancel wind coverage for more than 50,000 policyholders since 2004’s Hurricane Ivan. Farmers Insurance Group, Allstate Corp. and Alfa Mutual group are in the process of making significant cuts.

 

Insurers tip-toe into coastal markets in Alabama