The Alabama Department of Insurance approved premiums for coastal counties that are 4 times higher than the rest of the state, even though it had no proof that Mobile and Baldwin losses were higher!. Where’s the. ?. Rep. Joe Faust and the Homeowners Hurricane Insurance Initiative (HHII)
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for coastal counties that are 4 times higher than the rest of the state,
even though it had no proof
that Mobile and Baldwin losses were higher!
Homeowners Hurricane Insurance Initiative (HHII)
Alabama Clarity Law.
It requires collection of Alabama insurance claims and premiums data by zip code and county.
Sen. Trip Pittman and our coastal legislators
passed the law in 2012.
Its 10 years of data came online Nov. 27, 2013
Alabama counties with the least amount of losses
2006: Mobile in bottom third; Baldwin third lowest
2007: Mobile in bottom third; Baldwin eighth lowest
2008: Mobile in bottom sixth; Baldwin WITH LEAST LOSSES in state
2009: Mobile and Baldwin in the bottom six(the year of Tropical Storm Ida)
Bottom-third Alabama bottom-third Counties with the least amount of losses
2010: Mobile in bottom ten; Baldwin in WITH LEAST LOSSES in state
2011: Mobile third lowest; Baldwin second lowest
2012: Mobile in bottom fourth; Baldwin WITH LEAST LOSSES in state
(NOTE: 2012 was the year of Mobile’s Christmas tornados)
The coastal counties did bottom-third
have the highest losses even in the years of the hurricanes.
During Hurricane Ivan, 12 inland counties had more proportional damage than Mobile County: Escambia, Monroe, Conecuh, Clarke, Wilcox, Washington, Butler, Covington, Lowndes, Choctaw, Marengo and Perry.
During Hurricane Ivan, 7 inland counties had more proportional damage than Baldwin: Washington, Escambia, Choctaw, Sumter, Clarke, Pike and Greene.
Ivan - 2004 bottom-third
ALL the counties in bluecost insurance companies
money that year.
Katrina -2005 bottom-third
All the counties in blue cost insurance companies money.
When premiums and deductibles were bottom-third
at the state average,
HALF the cost of the hurricanes were paid
with premiums collected in the
same year as the storms.
Hurricane Ivan losses . . . . . . . . . . . . . $312 million
Katrina losses . . . . . . . . . . . . . . . . . . $276 million
Combined coastal losses. . . . . . . . . . .$588 million
Coastal premiums in 2004 & 05 totaled . . . $275 million
The coastal counties did bottom-third not
suffer 4 times more in losses than the rest of the state.
They have had LESS.
YET. . .
the Department of Insurance decided to allow companies to charge coastal counties
4 times more.
All of State
State excluding coast
ALABAMA RATE STATUTES
The average price for homeowners insurance around the rest of the state is $950!
It is time for the Department of Insurance to halt the unfair discrimination against Alabama’s coastal counties.
As in the decades before 2006, we should pay the state average. Less actually.
HHII asks the public to bottom-third
-- Go to the Homeowners
Initiative (HHII) website & join the Groundswell!
-- Receive updates by email
-- Learn about the solutions