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Nonresident Surplus Brokers in Alabama Must Have $50,000 Bond Starting Jan. 1

Nov 12 2024 // Nonresident surplus lines brokers working in Alabama, like their in-state brethren, must secure a $50,000 fidelity bond to be licensed in the state, starting Jan. 1.The Alabama Department of Insurance posted the bulletin...

Alabama Judge Appoints Mediator in Long-Running Med Marijuana License Dispute

Oct 25 2024 // MONTGOMERY, Ala. (AP) — A judge has appointed a mediator in the long-running dispute over who gets licenses to grow and sell medical marijuana in Alabama.Montgomery Circuit Judge James Anderson named retired Circuit...

Oakbridge Adds Alabama’s Hull & Associates to the Lineup

Oct 18 2024 // Oakbridge Insurance Agency is expanding again, this time with the addition of Tuscaloosa, Alabama-based Hull & Associates, an agency that has specialized in finding coverage for student housing in and around the home...

Alabama’s Wind-Mitigation Program Celebrates 50,000 Fortified Homes in the State

Sep 18 2024 // Alabama’s wind-mitigation grant program has resulted in 50,000 fortified homes over the last decade, outpacing most other coastal states that offer similar programs.The Alabama Department of Insurance announced the...

Alabama Shipbuilder Austal to Pay $24M to Settle Accounting Fraud Probe

Aug 29 2024 // MOBILE, Ala. (AP) — Austal USA, an Alabama-based shipbuilder that makes vessels for the U.S. Navy, has admitted wrongdoing and agreed to pay a $24 million fine to settle an accounting fraud investigation, the U.S....

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