Posted: 2/23/2010
Alabama: NAMIC Comments on Hurricane Deductible ‘Buy-Back’ Bill
Liz Reynolds, NAMIC’s Southeast state affairs manager, contacted Alabama House Insurance Committee members last week to express members’ concerns with HB 477, which would require property/casualty insurance companies to offer a “buy-back” provision in policies with named storm percentage deductibles. The bill was scheduled for discussion by the committee on Feb. 17 and has now been slated for a public hearing Feb. 25.