Alabama Coastal Insurance Bill Opposed by Alfa Passes in Senate

Legislation aimed at expanding insurance pool coverage for coastal residents in Alabama and opposed by insurance giant Alfa passed in the state Senate after appearing to be doomed.

The bill’s sponsor, Sen. Ben Brooks, R-Mobile, said the bill would help address a coastal insurance crisis by expanding the so-called beach pool coverage.

It was one of two bills on coastal insurance. The Senate approved the other bill, which would allow so-called captive insurers to sell homeowners policies.

Alfa spokesman Dave Rickey said the company has questions about Brooks’ “far-ranging bill.”
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Information from: Press-Register,
http://www.al.com/mobileregister