New Alabama Insurance Chief Weighs Coastal Options

By: Associated Press
By: Associated Press

MOBILE, Ala. (AP) -- Gov. Bob Riley's new insurance commissioner said the administration is looking at ways to help coastal property owners struggling with high premiums and lost coverage in the wake of hurricanes, including possible state assistance.

Insurance Commissioner Jim Ridling, appointed in September, spoke Tuesday at a public meeting in Theodore that drew about 200 residents.

Ridling said one possible option would be to provide state subsidies to help residents cover high deductibles.

He released no specific details, however, and said that route could be difficult.

He also indicated that the state would consider giving tax credits or rebates to Mobile and Baldwin residents whose rates are much higher than statewide averages.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
8195 Front Beach Road Panama City Beach, FL 32407 Station: 850-234-7777 News: 850-230-5221 Fax: 850-233-6647 FCC Form 398
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 34331649 - wjhg.com/a?a=34331649
Gray Television, Inc.