Coastal Alabama insurer AIUA to cut rates by 6.2 percent, on average
Rates will go down, starting Aug. 1, for most policyholders of the Alabama Insurance Underwriting Association , the insurer of last resort for property in most of Mobile and Baldwin counties.
Join the discussion below, or Read more at Alabama Live.
#1 Jun 22, 2011
Big deal--what does 6.2% amount to? If someone is paying $10,000.00 for their insurance then that means they will only have to pay $9380.00 this year. The insurance company is probably getting 50+% more out of this premium than they deserve so don't brag about this reduction on an already inflated premium--it's still highway robbery that should be against the law except that Alabama--like all States, probably has an Insurance Commissioner who is in the pockets of the insurance industry.
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